Forex Focus — Aug 28, 2026, 09:00 UTC

Transcript

Bank of Korea hiked rates by a decisive 25 basis points this week. The Dollar Index remains range-bound. The Federal Reserve held rates steady, citing modest inflation. This neutral stance keeps DXY oscillating. EUR/USD trades at 1.1651, down 6 pips. The pair tests crucial support levels. However, the ECB is poised for a September rate hike. This hawkish signal offers euro resilience. USD/JPY shows unusual volatility. Japan confirmed yen-buying intervention. Despite this, USD/JPY held above 159.00. It now sits at 159.33, up 6 pips. This signals persistent dollar strength. Central banks are diverging sharply. The Fed's dovish hold contrasts with the ECB's hawkish signals. BOJ intervention complicates yen dynamics. For tomorrow, watch EUR/USD support at 1.1630. Resistance is at 1.1680. USD/JPY finds support at 159.00. Resistance looms at 159.50. Stay informed with "Forex Focus" on rawfin.tv.