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Dollar headed for weekly gain as Fed cut expectations recede and yen intervention looms
Dollar strengthens ahead of Fed decision, while yen faces intervention risk amid policy uncertainty on 21 Nov 2025.
The U.S. dollar is on track for its best week in over a month on 21 November 2025 as investors reduce bets on a December rate cut by the Federal Reserve. The dollar’s strength was accompanied by speculation of yen intervention by Japanese authorities, with the yen briefly gaining before pulling back.
The outlook for both currencies is shaped by unclear direction on U.S. monetary policy and elevated global yield spreads, limiting safe-haven demand for other currencies.