# Interest Rates Forecast: Fed Hike Bets Lift USD/JPY Toward 160

> Stronger US employment data, including 165,000 jobs added in October and unemployment falling to 4.1%, raised expectations of a Federal Reserve rate hike in December. The dollar strengthened against the yen, while higher Japanese wages may support a Bank of Japan rate increase.

- Date: 2026-11-08 · published 2026-11-08T12:08:42.655Z
- Category: macro · region United States and Japan · magnitude low
- Page: https://feedsoft.ai/events/87407-interest-rates-forecast-fed-hike-bets-lift-usd-jpy-toward-160
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher expected US interest rates can support the dollar and lift USD/JPY, while a possible BoJ hike could limit the move. A stronger dollar can also affect the cost of dollar-priced feed imports.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-07-28 | [United States Fed Interest Rate Decision meets forecasts (0.25%) — Octa](https://feedsoft.ai/events/46250-united-states-fed-interest-rate-decision-meets-forecasts-0-25-octa.md) | -0.4% | +0.4% |
| DXY | 2018-10-30 | [BOT expected to hike key interest rate](https://feedsoft.ai/events/62795-bot-expected-to-hike-key-interest-rate.md) | -0.2% | +0.8% |
| DXY | 2018-03-21 | [Fed hikes rates and raises GDP forecast again](https://feedsoft.ai/events/65902-fed-hikes-rates-and-raises-gdp-forecast-again.md) | -0.8% | -1.3% |
| DXY | 2018-06-13 | [Gold erases gains after Fed hikes interest rates](https://feedsoft.ai/events/64440-gold-erases-gains-after-fed-hikes-interest-rates.md) | +1.3% | +0.6% |
| DXY | 2022-11-04 | [Fed raises interest rates, USD price skyrockets, gold price plummets](https://feedsoft.ai/events/38983-fed-raises-interest-rates-usd-price-skyrockets-gold-price-plummets.md) | -2.7% | -4.3% |

## Sources

- fxempire.com: https://www.fxempire.com/forecasts/article/interest-rates-forecast-fed-hike-bets-lift-usd-jpy-toward-160-1643165

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.