0720 GMT - The yen is likely to remain under selling pressure against the dollar, spurred by speculation over U.S. rate increases and concerns about Japan's fiscal conditions amid discussions about consumption tax cuts, says NLI Research Institute economist Tsuyoshi Ueno. "The government, growing increasingly vigilant against rising prices, is unlikely to stand by and tolerate further yen depreciation into the mid-160 range," he says. As the government is expected to intervene to stop such moves, the yen is likely to remain close to where it currently stands three months from now, he adds. The dollar was last trading at 161.69 yen. (megumi.fujikawa@wsj.com)
(END) Dow Jones Newswires
June 22, 2026 03:20 ET (07:20 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments