Hong Kong, 30 April 2026 – The US dollar held near its highest level in more than two weeks after Federal Reserve policymakers raised fresh inflation concerns, while the Japanese yen weakened past the closely watched 160 level, sharpening market attention on possible intervention by Tokyo authorities.
The dollar index was steady at 98.852 after gaining 0.3 percent in the previous session, supported by higher US Treasury yields and a more hawkish tone from the Fed. The greenback’s strength came as traders scaled back expectations for rate cuts, with markets increasingly pricing in the possibility that US rates may stay elevated for longer.
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