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fxJul 30, 2026, 2:33 AM

Yen Softens After Fed Holds Rates, USD/JPY Nears 163.50

The Japanese Yen declined against the US Dollar in Asian trading on Thursday, with USD/JPY edging up to around 163.50 after the Federal Reserve held interest rates steady but signaled a hawkish stance.

USDJPY

The US Federal Reserve held interest rates steady at its latest meeting, but the post-meeting statement was seen as hawkish, bolstering the US Dollar.

During Asian trading hours on Thursday, the USD/JPY pair edged higher, reaching around 163.50, as the Japanese Yen softened.

The modest gain reflects ongoing strength in the greenback, driven by the Fed's cautious outlook on rate cuts.

Source: FXStreet Forex News