Yen Forecasters Chart Path Past 140 as Global Rate Tracks Emerge.

Currency strategists have revised their forecasts for the trajectory of the yen following the Bank of Japan's interest rate hike and the Federal Reserve's signaling of potential rate cuts. Previously, many strategists warned of further weakness in the yen, but now they believe the currency will hold its recent gains and potentially strengthen further. The change in forecast is attributed to the narrowing of interest rate differentials between the US and Japan. While some strategists still believe the yen will weaken, others predict it will appreciate. The timing of the next rate hike from the Bank of Japan remains uncertain. [Extracted from the article]