TREE NEWS reports: The dollar rose 0.68% against the yen in late New York trading on Wednesday, September 16, hitting a session high of 156.19 yen. The move followed the Federal Reserve’s rate hike and release of its FOMC rate projections at 02:00 Beijing time, which first pushed the pair to a session low of 154.86 before a sharp rally broke it out of a narrow range. The yen also fell 0.65 against the offshore yuan to a session low of 4.2987.
Yen Slides to 156.19 per Dollar After Fed Rate Hike and Dot Plot
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AI take
The yen's slide past 156 per dollar after the Fed's hike and dot plot suggests the rate differential remains the dominant driver, with the initial dip to 154.86 quickly reversed as markets digested the projections. This matters most for Japanese importers and any carry-trade positioning sensitive to yield gaps. Whether the yen holds these levels or Tokyo signals concern is the open question; the parallel move against the offshore yuan hints at broader dollar strength rather than yen-specific weakness.
Generated by AI for reference only.
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