"Bank of America Securities: The yen may fall to 158 before triggering intervention risk."

Bank of America Securities said that unless there is excessive volatility or speculative position accumulation, the USD/JPY exchange rate may not be immediately subject to intervention. "As the USD/JPY approaches 155, intervention risks cannot be ruled out, but we assess that unless speculative positions or volatility sharply increase, the USD/JPY may test the 158 level before triggering a true policy response," Bank of America Securities' Chief FX and Rates Strategist in Japan, Shusuke Yamada, pointed out in a report.