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Oil prices rose due to a supply squeeze after Russia's fuel export ban. The Fed's indication of a year-end hike ended a three-week winning streak.
Japan's core inflation rate rose 3.1% in August from a year earlier, matching the previous month. The index has stayed above 2% for the 17th straight month.
The Federal Reserve maintains interest rates unchanged but predicts another rate hike this year and a decrease in the number of rate cuts.
The Fed is set to pause rate hikes for the second time in 2023 due to slowing inflation but may consider another increase in November.
On September 21, 2023 (Thursday) at 2:00, the September FOMC interest rate meeting of the Federal Reserve arrived.
Oil prices climbed for the fourth straight session on Tuesday due to low shale output, heightening OPEC and IEA's supply deficit fears.
The dollar's nine-week winning streak, its longest since 2014, saw hedge funds reduce net short positions by nearly $5 billion last week, per CFTC data.
Oil prices surged to a 10-month peak on China's cash reserve cuts to boost its economy and signs of global tightening cycles nearing their conclusion.
Consumer prices exceeded expectations, disappointing investors anticipating smoother inflation. Gas price surge drove over 50% of the increase.
Oil prices edged higher on Wednesday after surging nearly 2% to close at their highest levels since November 2022 on Libyan supply jitters.
Hedge funds are rapidly reducing their USD downside risk exposure, and at this rate, they could become bullish by month-end.
The yen gained as BOJ Governor Kazuo Ueda's comments on wage increase sustainability boosted monetary tightening expectations.
Senior Fed officials signaled on Thursday that the central bank will maintain interest rates in September, despite ongoing inflation concerns.
Despite weak US job market and inflation, the yen remains subdued at 147.60 against the dollar, below last year's intervention threshold.
