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fxJun 18, 2026, 1:51 PM

USD/JPY Hits 160.95, Near Multi-Year High on Fed Hawkish Stance

USD/JPY traded around 160.85 on Thursday, reaching 160.95, its highest level since July, driven by the Federal Reserve’s hawkish bias and persistent intervention risk from Japan.

USDJPY

USD/JPY advanced to 160.95 on Thursday, the highest since July, before settling near 160.85, up 0.12% on the day. The move was supported by the Federal Reserve’s continued hawkish stance, which has underpinned the US dollar. Meanwhile, traders remain wary of potential Japanese intervention to support the yen, as the pair approaches levels that previously prompted action.

Source: FXStreet Forex News