1343 GMT - The Japanese yen looks set to appreciate as the Bank of Japan is likely to raise interest rates twice more this year, Commerzbank's Volkmar Baur says in a note. Japan's key rate hasn't reached the neutral level that neither stimulates or restricts the economy, arguing for further rate rises, he says. In contrast, the European Central Bank will probably deliver one rate rise at most, less than expected. The Federal Reserve could cut rates, defying expectations that it will leave rates unchanged, he says. Commerzbank expects the dollar to fall to 145 yen and the euro to drop to 174 yen by December. The dollar is last up 0.1% at 159.17 yen. The euro rises 0.3% to 186.52 yen. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 10, 2026 09:43 ET (13:43 GMT)
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