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Dollar firms as investors weigh Fed rates and Middle East risks for yen traders
Economy
Published on 29 April 2026
Yen hovers near 160 as intervention bets rise
The dollar edged higher as markets awaited the Federal Reserve’s rate decision and digested spillover risks from the ongoing Middle East conflict. Trading stayed subdued in thin Asian hours, keeping most currencies in narrow bands. The yen lingered around 160 per dollar, with traders alert to potential Japanese intervention even as the Bank of Japan signaled a tougher stance.
- Dollar firms ahead of the Fed’s upcoming rate decision
- Middle East conflict risk is keeping currencies in tight ranges
- Yen stays near 160 as intervention concerns resurface
- Bank of Japan signals add pressure to rate expectations
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times