Bank of Japan is continuing with very loose monetary policy to help the economy, because they are scared of recession. In the same time FED goes for tightening to fight inflation, they belief the economy is very strong and will be fine. Because of that Yen will become cheaper and USD will be more expensive in next months. USD/JPY will be 130+ by the end of the year, if BOJ and FED continue with their current monetary policies.
Comment:
For now there is no change in policies, trend will continue
Comment:
130 reached, but for now it looks like even 135-140 are possible.