1341 GMT - Bank of Japan Governor Kazuo Ueda's hints about raising interest rates should limit any yen depreciation for now, Rabobank's Jane Foley says in a note. Ueda said Wednesday the BOJ could increase rates if the risk of higher inflation outweighs weaker growth prospects. This supports expectations for a BOJ rate rise on June 16, which should prevent the dollar from returning above 160 yen in the immediate term, Foley says. However, the BOJ will need to signal further rate rises in coming months to provide more lasting yen support. The Federal Reserve is expected to remove its bias towards cutting rates on June 17, which could exert pressure on the yen, she says. The dollar trades flat at 159.93 yen.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
June 03, 2026 09:41 ET (13:41 GMT)
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