0232 GMT - The dollar is likely to stay bid near 160 yen in the coming months and could rise into the 162-163 yen area, ING's Chris Turner says in a research report. "Today, the speculative market is far less short yen and if anything, the Fed could be swinging behind a [rate] hike for its next move rather than a cut," says the global head of markets. Also, the BOJ would need to "deliver a very hawkish hike to reverse the recent shift in real interest-rate differentials against the yen," Turner says. This "would somehow require the BOJ to manage expectations of a policy rate heading above 1.50% next year, which might be difficult in the current political environment," he adds. The dollar is 0.1% higher at 159.47 yen, according to LSEG data. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 31, 2026 22:32 ET (02:32 GMT)
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