1350 GMT - The Japanese yen could struggle to recover materially despite the prospect of currency interventions and the Bank of Japan raising interest rates further, ING's Chris Turner says in a note. Barring a big drop in energy prices or much lower U.S. interest rates, Japanese officials' threats of interventions to strengthen the yen could have little impact, he says. Meanwhile, expectations for a BOJ rate rise on April 28 are too low, and if delivered, should prevent the dollar from rising above 160 yen, he says. "But the conditions for a sustained drop in dollar-yen have yet to be met and we favor a continued 155-160 range for the rest of the quarter." The dollar rises 0.1% to 159.10 yen. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 16, 2026 09:50 ET (13:50 GMT)
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