Business · Markets · 4 hrs ago
Strategist expects yen to stay near 157 per dollar through March 2027
The yen has been trading around 157 to 158 per dollar in foreign exchange markets.
Daisuke Shimazu, chief market strategist at Sumitomo Mitsui Trust Bank, expects it to be about 157 per dollar at the end of March 2027.
That would leave the currency close to its current level.
High long-term US interest rates can encourage investors to sell yen and buy dollars.
But expectations that Japanese and US authorities are increasingly wary of a weaker yen may limit one-way declines.
Shimazu says the outlook therefore points to a relatively steady yen-dollar rate.
The available account says the US economy is holding up well, but gives no further detail on the forecast or what may happen after March 2027.
Daisuke Shimazu expects the yen to trade at about 157 per dollar at the end of March 2027.
That forecast is close to the yen’s level at the time of the article, when it was mainly trading between 157 and 158 per dollar.
High US long-term interest rates could encourage yen selling and dollar buying.
Expectations that Japanese and US authorities are increasingly wary of yen weakness could limit one-way declines in the yen.
- Who
- Daisuke Shimazu, chief market strategist at Sumitomo Mitsui Trust Bank.
- What
- He expects the yen to be around 157 per dollar at the end of March 2027.
- When
- The forecast was reported on November 4, 2026.
- Where
- The foreign exchange market.
- Why
- High US long-term interest rates could weigh on the yen, while concern from Japanese and US authorities about yen weakness could curb further declines.
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- Forecast
- About 157 yen per dollar at the end of March 2027
- Current range
- Mainly 157–158 yen per dollar
- Strategist
- Daisuke Shimazu
- Bank
- Sumitomo Mitsui Trust Bank
1 source
What people are saying
At the end of March 2027, I expect the yen to be around 157 per dollar, almost the same level as now.