Sumitomo Mitsui expects the yen to weaken to 165, and predicts the US-Japan interest rate differential will continue to widen this year.

智通财经2026/07/17 05:11

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Sumitomo Mitsui strategists stated that the US dollar to Japanese yen could gradually rise from the current level near 162.40 to 165 by the end of the year. They expect the US to raise interest rates twice within the year, while Japan may only do so once, and the yen may maintain a bearish trend.
The strategist also pointed out that as long as the US and Iran avoid a full-scale military conflict, oil prices are expected to decline. On Friday morning, Japan's Finance Minister, Katayama Satsuki, reiterated intervention warnings, stating that the government is prepared to take action at any time if necessary.

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Sumitomo Mitsui expects the yen to weaken to 165, and predicts the US-Japan interest rate differential will continue to widen this year.

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