1524 GMT - The Japanese yen could recover further given the prospect of looser fiscal policy combined with tighter monetary policy, ING analysts say in a note. Japan Prime Minister Sanae Takaichi has a strong mandate to deliver on growth and aggressive foreign policy after her Liberal Democratic Party secured a majority in Sunday's snap election, they say. The BOJ is likely to deliver at least one more rate rise while the Federal Reserve could cut rates twice more over the year, potentially pushing the dollar to closer towards 150 yen, they say. Any rise in the dollar towards 158-160 yen could attract yen buyers as Japanese authorities stand ready to intervene at these levels, they say. The dollar falls 1% to an 11-day low of 154.19 yen, LSEG data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 10, 2026 10:24 ET (15:24 GMT)
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