Traders Reduce Fed Rate Hike Bets as Yen Slightly Rebounds
智通财经2026/08/17 03:11- During Monday’s Asian trading session, the Japanese yen edged higher; USD/JPY once fell 0.23% to 158.95. Japan’s second-quarter GDP grew at an annualized rate of 1.1% quarter-on-quarter, slightly below market expectations, but the details of the data were mixed. A surge in government consumption suggests that Sanae Takaichi’s expansionary fiscal policy is starting to have an impact.
- Recent US economic data has been weak, including an unexpected decline in nonfarm payrolls and mild consumer and producer price inflation, which has weakened the market’s expectations for Federal Reserve rate hikes this year. CME FedWatch Tool shows the probability of the Federal Reserve holding rates steady in September has risen to 66.9%, significantly higher than 47.6% a month ago.
- The US Dollar Index once fell 0.13% to 99.49, close to this month’s low. The Federal Reserve is not expected to provide much policy guidance before the Jackson Hole symposium at the end of August.
- Oil prices fluctuated near flat as US-Iran talks remain deadlocked, and shipping traffic through the Strait of Hormuz is still sparse. US President Trump warned Americans to be prepared for persistently high fuel prices, while Iran called on the US to accept failure. Geopolitical risks continue to provide sources of volatility for forex and commodity markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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