Further interventions by Japanese authorities to support the yen are possible but a sustained recovery for the currency requires an improved growth outlook, Societe Generale analysts say in a note. Japan still has about $1.3 trillion left in foreign-exchange reserves to defend the yen but low growth forecasts should limit the currency's rise for now, they say. However, the Japanese equity market's surge higher suggests the economy could be on the verge of improving, they say. SocGen expects the dollar to fall to 157 yen by year-end and to 154 by the second quarter of 2027. The dollar rises 0.6% to 162.27 yen. (renae.dyer@wsj.com)
Dow Jones Newswires
Lasting Japanese Yen Recovery Would Require Better Growth Outlook — Market Talk
- Sources
- Dow Jones Newswires
- Markets
- Forex, index
- Active symbols
- EURONEXT:GLE
- Language
- English
Further interventions by Japanese authorities to support the yen are possible but a sustained recovery for the currency requires an improved growth outlook, Societe Generale analysts say in a note. Japan still has about $1.3 trillion left in foreign-exchange reserves to defend the yen but low growt…