0728 GMT - The yen is likely to keep facing strong selling pressure in the coming months, says NLI Research Institute economist Tsuyoshi Ueno. If crude oil imports recover, that would increase demand to sell the yen, he says. Growing speculation of fiscal expansion by the Japanese government to combat inflation could also further weaken the currency, he adds. "While the government is expected to prevent the yen from settling above the 160 level through both verbal and physical intervention, the dollar-yen will likely continue to trade in the mid-to-high 150s through the second half of the year," he says. The dollar was last trading at 157.07 yen.(megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
May 11, 2026 03:28 ET (07:28 GMT)
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