T. Rowe Price says Japanese stocks are more attractive when USD/JPY is above 152

T. Rowe Price portfolio manager David Clewell stated in a report that Japanese stocks appear attractive, especially when the USD/JPY is above 152. The level of 152 is significant because it largely aligns with the exchange rate assumptions used by Japanese companies in the Bank of Japan's quarterly Tankan survey. When the yen is weaker than this level, it may prompt the market to raise profit expectations for Japanese export companies.