Fed Holds Rates Steady as Yen, Yuan, and Pound Traders Wait

That contrast — the BOJ’s stubbornly low rates against the policy tightening seen elsewhere — has kept the yen under pressure for months. Read also: Pound Holds at $1.32 as Forex Traders Freeze Before Fed Rate CallAnd there are two big decisions coming. The Federal Reserve kept interest rates unchanged, a decision that aligned with market expectations given recent data showing moderate growth and steady inflation. Where did the Japanese yen and Chinese yuan trade after the Fed’s decision? The Japanese yen traded at around 139.00 per dollar, while the Chinese yuan hovered near 7.15 per dollar, with both currencies showing minimal movement.