A tumbling yen is spurring traders to game plan how much further Japan’s beleaguered currency can fall even with the specter of intervention looming.
JPMorgan Chase & Co.’s private banking unit and Bank of America Corp. see 160 as the next potential milestone for the currency that’s already sunk to a 34-year low against the dollar. T. Rowe Price is mulling the risk of the yen dropping to around 170 — a level last seen in the 1980s.
