Dollar-Yen's Medium-Term Range Likely Near 155-160 Level -- Market Talk

0508 GMT - The dollar is likely to settle into a range centered around 155-160 yen over the medium term, with a fluctuation band of about 5.0 yen on either side, says Sony Financial Group analyst Maki Ogawa. Despite recent market expectations, the pace of Bank of Japan rate hikes is likely to be gradual, given that sharp tightening could damage economic growth, as well as the central bank's balance sheet, she says. "The Fed is also expected to embark on rate hikes next year, making it unlikely that the U.S.-Japan interest-rate differential will narrow dramatically," she adds. The dollar was last trading at 153.40 yen. (megumi.fujikawa@wsj.com)

(END) Dow Jones Newswires

September 09, 2026 01:08 ET (05:08 GMT)