0357 GMT - Recent coordinated FX intervention by Japan and the U.S. support BofA Global Research's bullish view on the yen. "The signaling effect of this rare, coordinated intervention is significant," the strategists say in a note. "The primary long-term goal of the Japanese and the U.S. governments should be to restore credibility and stabilize JPY," they say. "Coordination implies that Japan and the U.S. have agreed on a common objective and a plan to achieve it," the team adds. Because of factors including higher probability of faster BOJ rate increases, BofA cuts its dollar-yen forecasts to Y153 from Y154 for 3Q and to Y149 from Y152 for year-end. Dollar is little changed at Y158.42.