Researchers at J.P. Morgan expect an increasingly weak Japanese yen following the Bank of Japan's surprise move to accelerate easing measures on Friday. The yen weakened 2.5% against the dollar after the BoJ announcement. The dollar traded at �112.06, up from �109.22 on Thursday. The J.P. Morgan researchers, led by Tohru Sasaki, suggested in a research note that the currency pairing could hit �115 by year end, and �120 in the third quarter of 2015. Their previous forecast was for a year-end target of �109, and a third-quarter target of �110. Nonetheless, they suggested that if the yen continues to depreciate more rapidly, industrial groups and officials could show concern, restraining the yen's fall.
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