Dollar drifts, no respite for yen after BOJ hikes rates as expected
Key takeaways
- Dollar drifts, no respite for yen after BOJ hikes rates as expected By Sophie Kiderlin Tue, June 16, 2026 at 4:13 PM GMT+7 3 min read DX-Y.NYB JPY=X By Sophie Kiderlin
- President Donald Trump said on Monday that a preliminary agreement to end the war in the Middle East had been signed by the U.S. and Iran.
- A flurry of central bank meetings this week is also top of mind for investors.
Dollar drifts, no respite for yen after BOJ hikes rates as expected By Sophie Kiderlin Tue, June 16, 2026 at 4:13 PM GMT+7 3 min read DX-Y.NYB JPY=X By Sophie Kiderlin
LONDON, June 16 (Reuters) - The dollar held near 10-day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered near the closely watched 160 level after the Bank of Japan hiked interest rates, as expected, in an effort to tame inflationary risks from the conflict.
U.S. President Donald Trump said on Monday that a preliminary agreement to end the war in the Middle East had been signed by the U.S. and Iran. But doubts around the interim deal swirled and shippers said it could take weeks for confidence to return after any reopening of the Strait of Hormuz.