According to Jin Ten Data, Deutsche Bank stated that if the Federal Reserve makes hawkish comments while the Bank of Japan keeps interest rates unchanged this week, the yen could fall to 157 against the dollar.
Deutsche Bank macro strategist Tim Baker pointed out that accelerating inflation but slow central bank action could drive the USD/JPY higher. However, the Bank of Japan has the ability to unexpectedly raise interest rates this week, which would at least initially boost the yen.