Rabobank: Yen May Hit 148 per Dollar in 12 Months

TREE NEWS reports: Rabobank says the yen’s recent strength without apparent official intervention suggests markets are pricing in changes in Japan’s fundamentals. Domestic inflation signs from wage data, corporate participation in semiconductor supply chains, and equity reform-driven economic resilience support the currency. The bank turned constructive on the yen medium-term, pulling forward its 148 per dollar forecast from 15 months to 12 months.