0844 GMT - The Federal Reserve's latest meeting minutes add to the view that the Trump administration wouldn't mind a weaker dollar, ING's Chris Turner says in a note. The minutes confirmed the New York Fed checked rates in the dollar versus the yen on behalf of the U.S. Treasury last month. The move reflects the shared desire from both the U.S. and Japan that the dollar doesn't sustain a move above 160 yen, Turner says. This, combined with the Fed cutting rates and the Bank of Japan raising rates, means there should be good interest from asset managers to sell the dollar in the 156-158 yen area, he says. The dollar trades steady at 154.81 yen. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

February 19, 2026 03:44 ET (08:44 GMT)

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