Bloomberg Surveillance · Thursday, August 6, 2026
Shushrukiyamada, an analyst with Bank of America, believes Japanese authorities are intent on breaking the 155 yen per dollar level. She suggests they are likely waiting for economic data releases, such as the Energy Information Administration (EIA) prints, before intervening further. Failure to break this level could signal that authorities have exhausted their options to defend the yen.
“Well, I think the authorities are determined to break one hundred fifty five this time around.”
“But this time around, I think the cost of failure is too high because they couldn't break hundred fifty five.”
“If they can't break this time, I think the market will basically assume the authorities have run out of options to defend the end.”