#USDJPY — Waiting for the Fed at 160US Dollar vs. Japanese YenFX:USDJPYStriforUSDJPY remains near the critical 160 level ahead of the Federal Reserve decision and Kevin Warsh’s press conference. Recent U.S. economic data has remained resilient, while higher oil prices have revived inflation concerns and reduced expectations for near-term rate cuts. This continues to support the dollar through the interest rate differential and the carry trade. At the same time, progress on Middle East diplomacy and the reopening of the Strait of Hormuz have eased some inflation fears, creating room for a potentially softer Fed tone. The key question for markets now is whether the Fed maintains its hawkish stance or begins preparing investors for a more accommodative path. Any sign of softer rhetoric could trigger profit-taking near the 160 intervention zone, where Japanese authorities have previously shown a willingness to act. For now, the bullish trend remains intact, but the closer USDJPY moves to 160, the more sensitive the market becomes to both Fed comments and intervention risks.