Post #15200

Dollar Dominates as Fed Turns Hawkish, Yen Crumbles USD/JPY trades at 154.3, its highest level in over eight months, extending the Dollar’s rally after the Fed’s hawkish tone. The pair broke above short-term resistance and continues to trade within a strong uptrend. If buyers hold price above 153, momentum could target the 155.00 psychological handle next. A pullback to retest prior support zones may attract fresh buyers looking to ride the trend. The Dollar strengthened across the board after Fed Chair Powell said a December rate cut is “not a foregone conclusion — far from it.” Powell emphasized that the Fed will stay data-dependent, and if data remains unavailable due to the shutdown, they may simply hold off. Meanwhile, in Japan, the BoJ left rates unchanged, with two dissenters again voting for a hike. Governor Ueda gave little forward guidance, keeping markets uncertain and weighing on the yen. With the Fed signaling patience and the BoJ staying dovish, USD/JPY could stay elevated in the short term.