The yen is trading at around ¥159 to the dollar in the foreign exchange market, and a view has emerged that it will reach ¥155 to the dollar by the end of 2026.
The yen is currently trading at around ¥159 to the dollar in the foreign exchange market. The ¥155 range reached after coordinated Japanese-U.S. intervention has receded, while a weaker yen and stronger dollar, with the yen again falling below ¥160, are coming into focus.
Yamamoto Takeshi (山本 威), a research analyst in the New York Global Markets Department at Sumitomo Mitsui Trust Bank, expects the yen to reach around ¥155 to the dollar toward the end of the year and said the yen could strengthen somewhat in the second half as expectations for U.S. interest-rate hikes recede.
However, the article does not present a specific conclusion on the impact that a rapid appreciation of the yen would have on the earnings of export companies. Yamamoto Takeshi (山本 威)’s view could change depending on future market developments.
This outlook remains a forecast based on current conditions and could be revised depending on future economic data and policy developments.