Dollar Likely to Stay Bid Near 160 Yen -- Market Talk

Dow Jones10:32

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment