The US Dollar to Yen exchange rate (USD/JPY) edged toward October highs, however, the foreign exchange analysts at CIBC expect the Japanese Yen to pull back over the next two quarters of 2023. At the time of writing, USD/JPY traded at 149.4818 Spot USD/JPY inched toward the October high of ¥150.16 on Monday morning, even as traders monitored statements from Bank of Japan officials for more information on when they would likely intervene in the forex markets. Year to date, the US dollar has surged by more than 14% against the yen, with the rally gaining steam from April. Jeremy Stretch, the Chief International ... (full story)