FOMC hawkish stance holds, USD/JPY briefly rose to 160.79 yen.

【6/17Market overview

In Tokyo time, USD/JPY isFOMCresult releaseon the morning of the 18that the low 160 yen level with little movement.During European time, USD/JPY fell to160.11yen, but thencontinued to move little around the low 160s.NYtime,theFOMC3.50–%unchanged. In the statement, it noted that "despite heightened uncertainty from the Middle East conflict, economic activity continues to expand solidly" and that "inflation remains elevated relative to the Committee's 2% goal." At the same time, the dot plot by FOMC members released alongside showed that the median for year-end 2026 was3.750%, up from the previous%, indicating a potential rate hike once this year. The broad dollar-strength trend pushed USD/JPY up to as high asyen.

【6/18Market view