Yen at 163 and FOMC Minutes: What Wednesday Decides

The yen enters a decisive week. FOMC Minutes from the July 28-29 meeting land Wednesday at 2:00pm ET, and markets will parse every sentence for clues about how broadly the committee supported the three hawkish dissenters who voted for an immediate 25 basis-point hike. With September meeting odds sitting at 63%, the tone of those minutes will either validate the dollar's bid or force a swift repricing that could push USD/JPY back toward 155 and test whether Japan's defense of its currency holds without further intervention.
Key Takeaways FOMC Minutes from the July 28-29 meeting release Wednesday August 19 at 2:00pm ET; markets watch for how broadly hawkish sentiment extends beyond the three di…
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