{
  "id": 1404678,
  "title": "Yen edges up as traders push back Fed rate hike bets",
  "url": "https://urgent.news/2026/08/17/yen-edges-up-as-traders-push-back-fed-rate-hike-bets-1404678",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T02:34:08.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40435153/yen-edges-up-as-traders-push-back-fed-rate-hike-bets"
  },
  "original_language": "en",
  "account": "The Japanese yen saw a slight increase against the US dollar, edging up by 0.2% to 159.055 yen, as traders dismissed forecasts of a Federal Reserve rate hike this year. Despite Japanese GDP for the second quarter expanding at an annualized rate of 1.1%, sources noted that the findings were inconsistent. While government consumption signals the impact of expansionary fiscal policies, energy price pass-through remains limited. Meanwhile, the euro and British pound remained steady, while the Australian and New Zealand dollars held constant. US economic indicators, such as non-farm payrolls and inflation measures, have reduced expectations of Fed rate hikes until the upcoming Jackson Hole symposium in August. Fed funds futures suggest a 66.9% probability of the Fed maintaining rates at their September meeting, up from 47.6% a month ago. The US dollar index, which gauges the dollar's strength against six currencies, dipped slightly, trading near its lowest level of the month. Meanwhile, oil prices were volatile, and US-Iran talks to resolve the Middle East conflict remained inconclusive.",
  "summary": "SINGAPORE: The yen crept higher against the dollar , largely shrugging off weaker-than-expected Japanese GDP data as traders postponed expectations of a rate hike from the Federal Reserve this year. The yen was 0.2% stronger against the U.S. dollar at 159.055 yen, on track for a second straight day of modest gains against the greenback but still firmly within its trading range of the past week,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar gains traction to near 0.7100 on fading Fed hike bets",
        "url": "https://urgent.news/2026/08/16/australian-dollar-gains-traction-to-near-0-7100-on-fading-fed-hike",
        "published": "2026-08-16T23:29:08.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Global Market Today: Asian shares mixed, dollar dips as Fed hike bets ease",
        "url": "https://urgent.news/2026/08/17/global-market-today-asian-shares-mixed-dollar-dips-as-fed-hike-bets",
        "published": "2026-08-17T01:06:47.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Yen edges up as traders push back Fed rate hike bets",
        "url": "https://urgent.news/2026/08/17/yen-edges-up-as-traders-push-back-fed-rate-hike-bets",
        "published": "2026-08-17T01:08:06.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Yen edges up as traders push back Fed rate hike bets",
        "url": "https://urgent.news/2026/08/17/yen-edges-up-as-traders-push-back-fed-rate-hike-bets-1394770",
        "published": "2026-08-17T01:22:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Alphabet eyes inaugural Australian dollar bond, bookrunner’s message says",
        "url": "https://urgent.news/2026/08/17/alphabet-eyes-inaugural-australian-dollar-bond-bookrunners-message",
        "published": "2026-08-17T03:42:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}