Market Fundamental Analysis by RoboForex

[RBFX Support]

The dollar is waiting for support from the Fed: USDJPY is targeting 161.00

The USDJPY pair is trading near the key resistance level at 160.60 as the market awaits the Federal Reserve’s rate decision. Hawkish rhetoric from the regulator may support the dollar and pave the way for the pair to rise to 161.00. 

USDJPY forecast: key takeaways

• Today, all eyes are on the Federal Reserve’s monetary policy decision
• Hawkish Fed rhetoric may bolster the dollar, pushing the USDJPY pair higher to 161.00
• The interest rate differential between the US and Japan continues to support carry trade operations

Fundamental analysis

Fundamental analysis for 17 June 2026 shows that the USDJPY rate remains near the psychologically important resistance level at 160.60, with the upcoming Federal Reserve meeting becoming the key event for the pair. The market expects the rate to remain at the current level, but the main focus will be on the Fed's comments rather than the decision itself. 

The Bank of Japan’s decision to raise the rate to 1.00% from the previous 0.75% failed to strengthen the yen noticeably. The reason is that the market had already priced in this move. 

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Edited yesterday at 09:43 AM by RBFX Support

[RBFX Support]

XAUUSD remains under pressure from the Fed: gold quotes may decline to 4,050 USD

XAUUSD partially recovered after yesterday’s decline, but hawkish Fed rhetoric continues to weigh on gold. The main scenario предполагает a break of support at 4,235 USD and a decline in quotes to 4,050 USD.

Gold forecast: key takeaways

• Hawkish Fed rhetoric is limiting XAUUSD’s recovery potential
• Gold is still trading in a downtrend
• A break of support at 4,235 USD may strengthen the bearish scenario and open the way for a decline in quotes

Fundamental analysis

Analysis of XAUUSD for 18 June 2026 shows that gold is recovering after yesterday’s decline against the backdrop of hawkish Fed rhetoric and is trading around 4,316 USD per ounce. Quotes received support from news of a temporary agreement between the US and Iran, which reduced tension around the Strait of Hormuz and led to a further decline in oil prices.

But the main factor for XAUUSD remains the Fed decision. The regulator left the rate unchanged at 3.75%, but the updated forecasts showed that almost half of Fed members allow for a rate increase by the end of the year.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Edited 1 hour ago by RBFX Support