Dollar steady as markets await Fed’s “hawkish cut” and updated 2025 projections. Yen and global rivals brace for key central bank meetings this week. Robust U.S. retail sales and cautious BOJ signals drive currency moves. #USD #Fed #Forex #CentralBanks

The U.S. dollar held firm on Wednesday, steady at 153.65 yen, as traders anticipate a 25-basis-point rate cut from the Fed. Markets await updated 2025 rate projections, with expectations leaning toward a slower pace of cuts amid strong U.S. retail data and inflation resilience.

The yen dipped slightly as speculation over a BOJ rate hike shifts to January. Meanwhile, the Bank of England is set to hold rates steady after British wage growth exceeded forecasts. This pivotal week for global central banks has kept the dollar index near recent highs of 107.18.