Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
The U.S. dollar remained steady on Friday, poised for a modest weekly gain as investors awaited delayed inflation data unlikely to alter expectations of a Federal Reserve interest rate cut next week.
The dollar index hovered at 98.92, up 0.37% for the week, while the euro traded at $1.1619 and the British pound at $1.3331. The Japanese yen stood flat at 152.58 per dollar after weakening earlier, even as Japan’s core inflation stayed above the Bank of Japan’s 2% target—fueling speculation of a possible rate hike in the near term.
Markets were subdued ahead of key central bank meetings in Japan and the U.S., as well as a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping in South Korea next week. The discussion has raised hopes for progress in resolving the U.S.-China trade dispute, though analysts remain cautious.
Joseph Capurso, head of international economics at the Commonwealth Bank of Australia, noted that “the best outcome is another trade truce,” adding that market expectations for a breakthrough remain low.
Investors are focused on the September U.S. Consumer Price Index (CPI), expected to show a 0.4% monthly rise in the headline number and 0.3% in the core figure. The Bureau of Labor Statistics confirmed it would release the report despite the ongoing government shutdown to assist with Social Security adjustments.
Analysts believe the data will not derail the Fed’s plan to cut rates by 25 basis points next week, with traders also pricing in another cut in December.
Meanwhile, oil prices surged after new U.S. sanctions on Russian energy giants Rosneft and Lukoil, following similar British measures. The move pressured currencies of oil-importing nations, including Japan.
Japanese Prime Minister Sanae Takaichi’s upcoming economic stimulus package—expected to exceed last year’s $92 billion—could delay a Bank of Japan rate hike as policymakers seek alignment between fiscal and monetary strategies.
