Forex

Dollar Firms Ahead of FOMC as AUD/JPY Tests Key Support

Guavy AI Editorial Team Published September 15, 2026

Instruments

EUR USD JPY GBP AUD NZD

The US dollar has strengthened ahead of the Federal Open Market Committee (FOMC) decision on Wednesday, with futures pricing close to a 90% chance of a 25bp hike.

A September hike is now effectively the base case, with Goldman Sachs, JPMorgan, HSBC and Deutsche Bank all shifting to a September hike. Firm CPI and PPI data, resilient activity, and the renewed oil shock have driven the repricing.

The US dollar's strength has dominated FX markets, with AUD/USD, EUR/USD, GBP/USD, USD/JPY and NZD/USD all moving in its favor.

AUD/JPY is clinging to support after falling more than 4.6% in two weeks, raising the prospect of a near-term bounce before bears re-engage.

The Wire

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