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 2 hours ago by RBFX Support