Dollar Seen Stronger Vs. Yen for Longer on Wider Yield Differentials

Dow Jones06-29

0700 GMT - The dollar may remain stronger versus the yen for longer on wider U.S.-Japan yield differentials, LGT Private Banking Asia says in its latest FX outlook report. Firstly, the notably hawkish outcome of the Fed's recent meeting had a greater impact on Treasury yields and the dollar, the bank says. Secondly, the BOJ's "well-telegraphed" rate increase, without a stronger signal on pace or scale of tightening, failed to support the yen, the bank adds. LGT Private Banking Asia maintains its dollar forecasts of 158 yen, 156 yen, and 155 yen over 3-, 6- and 12-month horizons, respectively. The dollar is little changed at 161.78 yen, according to LSEG data. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 29, 2026 03:00 ET (07:00 GMT)

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