0017 GMT - Japan likely faces a FX intervention dilemma before the Fed's decision due out today, StoneX's Matt Simpson says in commentary. "With the US Dollar Index pressing against its March high and speculative traders piling into bullish USD positions at the fastest pace in six years, a hawkish [FOMC meeting] outcome could provide the catalyst for a fresh breakout" of the dollar-yen pair, the senior market analyst says. "That would leave Japan's Ministry of Finance facing an uncomfortable dilemma: intervene against a strengthening dollar and risk fighting market momentum, or stand aside and watch USD/JPY push deeper into territory that has previously triggered intervention," Simpson adds. The dollar is little changed at 160.40 yen, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 16, 2026 20:17 ET (00:17 GMT)
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