Analyst Abbas Keshvani says the yen is unlikely to recover before the BOJ slows
QT, a move planned from April 2027 that should help stabilize JGBs. Japanese
bond yields exceed currency‑hedged foreign alternatives; if a BOJ slowdown
steadiness yields and eases loss concerns, domestic investors may rotate back into
yen assets. RBC forecasts USD/JPY at 154 by end‑2027.
