Bloomberg have collated views from Bank of Tokyo-Mitsubishi, Sumitomo Mitsui & Mizuho Bank
Each of these 3 see the yen ending 2016 "ending the year stronger than where it started" and each have revised their forecasts for the yen (to stronger) as its gained
- Mizuho year-end forecast is 108 (from 116 last September)
- Sumitomo Mitsui year-end forecast is 117 (from 123 at the end of December)
Citing:
- Biggest expansion in Japan's current-account surplus relative to the economy for at least three decades ... boosting the yen's appeal as a haven
- Waning prospect of a U.S. interest-rate increase, just as the yen is becoming less sensitive to Bank of Japan Governor Kuroda's unprecedented easing
- Yen is the second most undervalued major currency by a purchasing-power measure
