USD/JPY AT 159.83: 0.17 YEN BELOW 160

USD/JPY rose 0.04% to 159.83, just 0.17 yen below the 160 level, while the US Dollar Index reached 103.02. Markets are watching Fed rate expectations, BoJ policy signals and the possibility of Japanese currency intervention.

12 Nov 20261 min read

Daily Market Update November 12, 2026

USD/JPY AT 159.83: 0.17 YEN BELOW 160

Dollar Side: Brokerage Views on Fed Hikes

The US Dollar Index reached 103.02, up 0.15% and at its highest level since April 2025, Reuters reported on Thursday.

Goldman Sachs is among the brokerages expecting a Federal Reserve rate increase in December and another in early 2027. The report also noted that Fed officials had left open the possibility of a larger 50-basis-point increase.

Yen Side: BoJ Views and Intervention Warning

According to Reuters, USD/JPY reversed an earlier decline to trade 0.04% higher at 159.83—a difference of 0.17 yen from 160. It also hit a more-than-two-month high earlier on Thursday.

Reuters reported that Japan’s annual wholesale inflation increased from 6.8% in September to 7.1% in October, a rise of 0.3 percentage point. A Reuters poll showed many analysts expecting the next Bank of Japan rate increase as early as December.

Reuters also reported that BoJ board member Toichiro Asada said raising rates prematurely could hurt growth and lower underlying inflation. He was one of two dovish policymakers who dissented from September’s decision to raise borrowing costs to 1.25%.

Reuters quoted Japan’s top currency diplomat, Atsushi Mimura, as saying it was “too early to forget” Japanese authorities’ intervention during the summer.

What’s Next: Williams Panel Appearance

New York Fed President John Williams is scheduled to take part in a panel late Thursday, according to Reuters.

Market data note: The Dollar Index and USD/JPY figures are intraday quotations from Reuters’ November 12, 2026 report, not closing prices or live quotes. Reuters’ report does not specify the exact quotation time.

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