JPMorgan Sees Yen Climbing as U.S. Scrutiny Impedes Intervention

  • Surge past 100 yen per dollar can't be ruled out: JPMorgan
  • U.S. report won't limit action, Finance Minister Aso says

Yen Feels Unintended Consequences of Negative Rates

Japanese officials concerned at the yen’s surge to an 18-month high now face the headache of being on a U.S. watch list for currency practices. JPMorgan Chase & Co. says the potential for U.S. opposition to exchange-rate intervention will probably help strengthen the yen more.

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