USD/JPY May Hit 164 Yen Level Following Fed Decision and Waller Speech

Sumitomo strategist warns USD/JPY could reach 164 yen post-Fed decision, raising intervention risks if yen weakens further after BOJ meeting.

Woofun AI reports that Hirofumi Suzuki, chief foreign exchange strategist at Sumitomo Mitsui Banking Corporation, indicated the Federal Reserve's interest rate decision and Chair Waller's speech could push USD/JPY to 164 yen. Suzuki noted that intensified warnings from Japanese authorities increase intervention likelihood if the yen continues depreciating after Friday's Bank of Japan policy meeting.