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fxJun 17, 2026, 5:11 AM

Yen Strengthens as USD/JPY Dips Ahead of Fed Decision

USD/JPY slipped to near 160.25 during early European trading as traders await the US Federal Reserve's interest rate decision under new Chair Kevin Warsh.

USDJPY

The USD/JPY pair edged lower to around 160.25 during early European trading on Wednesday, as the Japanese Yen gained ground. Traders are adopting a cautious stance ahead of the upcoming US Federal Reserve interest rate decision.

The Fed, now under new Chair Kevin Warsh, is set to announce its rate decision later today. Market participants are holding off on major positions until the outcome is known, contributing to the yen's modest appreciation against the dollar.

Source: FXStreet Forex News