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Asian currencies mixed as dollar holds firm, yen retreats ahead of Fed decision

Asian currencies were mixed on Tuesday as the U.S. dollar held near recent highs ahead of this week's Federal Reserve decision. The yen weakened, with USD/JPY up 0.13% to 157.70, giving back part of last week's safe-haven gains tied to concerns over AI stock valuations. The Indonesian rupiah stayed near record lows, down about 8% against the dollar this year, as persistent foreign outflows, high global bond yields, higher oil prices and concerns over a possible MSCI reclassification of Indonesia weighed on it; USD/IDR rose 0.19% to 18,129.1. The Bank of Japan is widely expected to keep its policy rate at 1.25% at its meeting ending Friday, while signaling further increases remain possible, and the Fed is expected to leave rates unchanged.

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exchange ratesUS dollarFedIndonesiaAsia

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DXY

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Relevance: high

MarketCurrencies
Close on 10/26/2026102.02
Change that session+0.27%
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USD/JPY

▲ Likely positive

Relevance: medium

MarketCurrencies
Close on 10/26/2026157.500
Change that session+0.42%
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