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Japanese Yen Consolidates Around 163.85 Ahead of Fed, BOJ Decisions This Week

2026-07-28 06:57:02

CME0.04%

According to Jin10 data, on Tuesday July 28 in Asian trading, the Japanese yen held steady against the U.S. dollar near 163.85, lacking directional momentum as investors await the Federal Reserve's monetary policy decision on Wednesday. CME FedWatch tool shows traders assess a 62% probability the Fed will maintain rates in the 3.50%-3.75% range. The market also eyes Japan's central bank decision due Friday, where policymakers are expected to keep rates at 1% unchanged.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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