Will the Rising Dollar-Yen Exchange Rate Test the 155-Yen Level?

Will the Rising Dollar-Yen Rate Test the 155-Yen Level?

15.09.2026 New

In the U.S. currency market the previous day, the U.S. dollar rose against major currencies.Rising crude oil prices—driven by escalating tensions in the Middle East—fueled inflation concerns, causing the U.S. 10-year Treasury yield to surpass 5%. Additionally, the dollar was supported by the fact that the probability of a 25-basis-point rate hike at tomorrow’s FOMC meeting has risen to about 90 percent.The Dollar Index temporarily rose to 99.735, and the dollar-yen pair also climbed into the 154-yen range. During today’s Asian trading session, it rose to around 154.72 yen, while the Dollar Index remained near 99.55, holding at its highest level in about two weeks.Meanwhile, the Bank of Japan is set to hold its monetary policy meeting on the 17th and 18th, and with an additional rate hike expected in the policy decision on the 18th, the market will be watching to see whether the pair breaks above the 155-yen threshold or is pushed back toward the 154-yen level.

Among European currencies, the euro fell against the U.S. dollar. Yesterday, the euro-dollar exchange rate briefly hit $1.1530, its lowest level in about a month, and today it continues to trade around $1.1538.Although the ECB raised interest rates last week and expectations for further hikes remain amid high crude oil and natural gas prices in the eurozone, market participants are currently focusing more on expectations of monetary tightening in the United States. The key focus will likely be on whether the pair can hold above the $1.1530 level on the downside and whether it can recover to $1.1600 on the upside.

Today’s economic indicators include the UK’s August jobless claims and unemployment rate, as well as the July ILO-style unemployment rate, all scheduled for release at 3:00 p.m. The ILO-style unemployment rate is expected to remain unchanged from the previous reading at 4.9%.At 3:45 p.m., France’s revised August CPI will be released, followed at 6:00 p.m. by the Eurozone and Germany’s September ZEW Economic Sentiment Surveys; Germany’s expectations index is forecast to come in at 40.0.At 9:30 p.m., the U.S. September New York Fed Manufacturing Index and Canada’s July wholesale sales figures are due. In addition to monitoring the reaction of the pound and euro to the UK employment data and German sentiment figures, we will assess the upside potential of the U.S. dollar ahead of the FOMC meeting.