Economist: If geopolitical risks ease, the yen may stabilize around 157

Golden Ten Data reported on March 23 that Tsuyoshi Ueno, Senior Economist at NLI Research Institute, stated that the yen-dollar exchange rate may stabilize around 157 over the next three months. He expects the situation in the Middle East to stabilize during the spring. However, if the conflict continues, leading to a sustained rise in oil prices, coupled with increased market expectations for tighter US monetary policy, the yen may depreciate further. Since the depreciation of the yen is supported by economic fundamentals, even if the government decides to intervene, the yen may test new lows.