Yen Consolidates; Focus on BOJ Ueda's Speech -- Market Talk

Dow Jones06-01 08:29

0029 GMT - The yen consolidates against other G-10 and Asian currencies in early trade. Key events this week include BOJ Ueda's speech on Wednesday and Middle East developments, Nomura's FX research analysts say in commentary. The BOJ's June meeting is a major event for the yen, the analysts say. Market participants are watching Ueda's speech for signs of a rate increase and a more hawkish stance to avoid falling behind the curve, the analysts add. The U.S. dollar is little changed at 159.43 yen, the euro is flat at 185.72 yen, while the Australian dollar is 0.2% higher at 114.50 yen, FactSet data show. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 31, 2026 20:29 ET (00:29 GMT)

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