LGT Asian Private Bank says USD/JPY could trade in a 155–160 range in the short
term. The bank warns the risk of Japanese government intervention to support the
yen will cap further dollar gains, and repatriation of European fixed‑income
proceeds by Japanese investors could bolster the yen; however, the wide US‑Japan
interest‑rate differential and continued offshore investment by Japanese
investors will limit yen appreciation.