Dollar rises for third straight session versus yen

Economies.com
2018-09-24 06:21AM UTC

Dollar tilted higher in Asian trade near two-month highs against yen as the Japanese market closes in observance of Autumnal Equinox Day, and ahead of the Federal Reserve's policy meeting later this week. 

 

As of 06:16 GMT, USD/JPY rose barely to 112.60, with an intraday high at 112.63, and a low at 112.29. 

 

Markets now look forward to the Federal Open Market Committee's September 25-26 policy meeting in Washington, with analysts betting on another 0.25% rate hike to just below 2.25%.

 

The FOMC will also release three-year forecasts for inflation, growth, unemployment, and interest rates, and potentially hints about the upcoming rate hike, expected in December. 

Forex and Currency News

Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
USD/CHF news

Forex

Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex News

Forex

Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
EUR GBP Analysis

Forex

The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...