{
  "id": 7233885,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T02:50:22.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40439373/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 neared a seven-month high, according to wire material. Investors were anticipating potential rate hikes from both the Federal Reserve and Bank of Japan during a crucial week for monetary policy decisions. The ongoing conflict in the Middle East, which has driven oil prices above $100 per barrel, added to the uncertainty in interest rate movements. The European Central Bank had recently raised its rates and cautioned about further increases, setting the stage for the Federal Reserve's policy decision on Wednesday, followed by an expected rate hike from the Bank of Japan on Friday. The Bank of England was expected to maintain its current stance on Thursday, but the decision might be close. Traders had increased their expectations for a Federal Reserve rate hike following data indicating a stronger acceleration in US consumer prices in August, resulting in an 86% chance of a rate increase for this week and another hike later in the year, as indicated by the CME FedWatch tool. Fed officials were divided on whether to wait, with some believing that waiting until December would be too long. The euro was trading around $1.159, and the British pound was at $1.3524. The US Dollar Index, which tracks the greenback against six other currencies, remained steady at 99.15 after two weeks of modest declines. US Treasury yields were near multi-year highs, with the 2-year yield easing slightly to 4.6148% after a 26 basis point rise the previous week. The rising yields and changing rate expectations have not yet driven the dollar higher, as major economies' central banks are also anticipating rate hikes. Analysts from ING believed that the dollar would benefit from a rate hike, reinforcing the Federal Reserve's monetary policy credibility and providing a boost to the currency. However, the dollar did not need to rise significantly, as analysts saw this as a recalibration of Fed policy rather than the beginning of a new cycle. The rising yields and evolving rate expectations have not led to a stronger dollar, as central banks in major economies are also expected to increase rates.",
  "summary": "SINGAPORE: The dollar was steady on Monday , with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in a pivotal week for monetary policy. Global policymakers are grappling with erratic pricing pressures from the six-month-long US-Israeli war on Iran that has pushed oil prices well…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "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": "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."
}