Forex

Dollar Plunges Against Yen Amid Escalating Middle East Tensions

Guavy AI Editorial Team Published September 15, 2026

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USD JPY

The US dollar traded near its seven-month low against the Japanese yen on Wednesday due to rising oil prices and investors positioning for upcoming central bank meetings.

Oil prices settled above $100 a barrel amid an escalating conflict in the Middle East, which contributed to the dollar's decline.

Investors are also preparing for central bank meetings next week, where monetary policy decisions could impact currency values.

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