Japanese Yen Likely to Stay Weak in Wake of Currency Intervention -- Market Talk

0843 GMT - Investors continue to look inclined to rebuild bets on a weaker Japanese yen after the recent joint U.S.-Japanese intervention to shore up the currency, ING's Francesco Pesole says in a note. Neither the risk of further interventions or growing confidence in a September Bank of Japan interest-rate rise appear sufficient to counter that trend, he says. The dollar could rise back to 160.00 yen even if the BOJ lifts rates and the Federal Reserve holds rates steady in September, he says. The dollar rises 0.5% to an 11-day high of 158.58 yen, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

August 10, 2026 04:43 ET (08:43 GMT)