Live Updates > Live Update Details
2026-07-17 13:02:13
[Sumitomo Mitsui Bearish on Yen to 165; USD/JPY Interest Rate Spread Expected to Widen Further This Year] ⑴ Sumitomo Mitsui strategists stated that the USD/JPY exchange rate may gradually rise from its current level of around 162.40 to the 165 level by the end of the year. He predicts that the US will raise interest rates twice this year, while Japan will only raise rates once, and the yen may maintain its bearish trend. ⑵ The strategist also pointed out that as long as the US and Iran avoid a full-blown military conflict, oil prices are expected to fall. On Friday morning, Japanese Finance Minister Satsuki Katayama reiterated his warning against intervention, stating that the government is prepared to take action if necessary.
