{
  "id": 7233660,
  "title": "Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings",
  "url": "https://urgent.news/2026/09/14/dollar-steady-yen-near-7-month-high-ahead-of-fed-boj-meetings-7233660",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T02:43:19.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/14/dollar-steady-yen-near-7-month-high-ahead-of-fed-boj-meetings"
  },
  "original_language": "en",
  "account": "The dollar remained stable on Monday, as the yen approached a seven-month high near 153.49 per US dollar. This comes as investors consider potential rate hikes from the Federal Reserve and Bank of Japan during a crucial week for monetary policy. Global policymakers are dealing with volatile pricing pressures from the six-month-long US-Israeli war on Iran, which has driven oil prices above $100 per barrel and disrupted plans for interest rates amid sharp declines in long-term bonds. The European Central Bank increased rates last week and warned of additional hikes, paving the way for the Fed's decision on Wednesday and a likely rate increase from the BOJ on Friday. The Bank of England is expected to keep rates unchanged on Thursday, with the outcome potentially tight. Traders have stepped up bets for a Fed rate hike after Friday's data revealed a surge in US consumer prices; they now consider an 86% probability of an increase this week and another rise later in the year, according to the CME FedWatch tool.\n\nThe euro traded around US$1.159, while the British pound reached US$1.3524. The US dollar index, which tracks the greenback's value against six other currencies, remained stable at 99.15 after two weeks of minimal declines. US Treasury yields hovered near multi-year peaks, with the 2-year yield easing slightly to 4.6148% after a 26 basis point rise the previous week. These rising yields and evolving rate expectations have thus far prevented the dollar from appreciating, despite the fact that major economies' central banks are also anticipated to hike rates. Worries surrounding the Fed's policy credibility have not helped the dollar either.\n\nAnalysts from ING believe the dollar would benefit from a rate hike, bolstering the Federal Reserve's monetary policy credibility and mitigating some of the debasement trade. However, the dollar does not require a significant rally. This situation is more about recalibrating Fed policy than starting a new cycle. Meanwhile, Brent crude futures climbed nearly 3% to $107.51 per barrel in early Asian trading, following new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf, which have heightened supply concerns following the shutdown of a major Saudi oil pipeline. A 25 basis point interest rate hike from the Bank of Japan appears to be nearly entirely priced in, according to MUFG analysts. For the yen to strengthen further, the BOJ must signal its intention to maintain a faster pace of hikes. TD Securities warned that not raising rates at either the October or December meeting could trigger a rapid dollar/yen rally back to 157 to 160. The Japanese yen is up 4% this month due to expectations of the BOJ's more aggressive rate hikes and indications of domestic investors repatriating assets. Not hiking would be a grave mistake, while poor communication would be a significant blunder, according to James Athey, a fixed-income portfolio manager at Marlborough. He noted that expectations about repatriation and GPIF asset allocation changes are crucial for the yen's movement.",
  "summary": "Policymakers face erratic pricing pressures as the US-Iran war pushed oil above US$100 and triggered long-end bond selloffs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings",
        "url": "https://urgent.news/2026/09/14/dollar-steady-yen-near-7-month-high-ahead-of-fed-boj-meetings",
        "published": "2026-09-14T00:30:24.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings",
        "url": "https://urgent.news/2026/09/14/dollar-steady-yen-near-7-month-high-ahead-of-fed-boj-meetings-7232619",
        "published": "2026-09-14T02:43:19.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings",
        "url": "https://urgent.news/2026/09/14/dollar-steady-yen-near-7-month-high-ahead-of-fed-boj-meetings-7233885",
        "published": "2026-09-14T02:50:22.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Dollar grinds higher, yen near 7-month high ahead of Fed, BOJ meetings",
        "url": "https://urgent.news/2026/09/14/dollar-grinds-higher-yen-near-7-month-high-ahead-of-fed-boj-meetings",
        "published": "2026-09-14T03:41:26.000Z"
      }
    ]
  },
  "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."
}