Pressure on Yen to Depreciate Could Build -- Market Talk
Dow Jones04-27 09:04
0104 GMT - The yen's depreciation pressure could build, analysts of Nomura's FX Research team say in commentary. "USD/JPY is approaching the 160 level again, while markets increasingly expect the BOJ to skip an April hike," the analysts say. If expectations for a BOJ rate increase in June also fade, concerns that Japan's central bank is "behind the curve" and carry-trade funding demand could push the yen lower, the analysts say. The U.S. dollar is little changed at 159.40 yen, while the Australian dollar is up 0.2% at 114.09 yen and the euro is 0.1% higher at 186.86 yen, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 26, 2026 21:04 ET (01:04 GMT)
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