Fed hike 'certainty' pushes Asian currencies lower with yen down near 160

Currencies Fed hike 'certainty' pushes Asian currencies lower with yen down near 160 Hot inflation data and hawkish comments push investors to buy greenback The yen last traded around 160 to the dollar in late August and early September, pressured by higher oil prices. © Reuters JADA NAGUMO November 12, 2026 16:34 JST TOKYO -- Asian currencies including the Japanese yen and Australian dollar fell against the U.S. dollar on Thursday as investors priced in further Federal Reserve rate hikes, boosting demand for the greenback. Read Next Currencies Democratic 'blue wave' may buoy yen if AI trade reverses: FX traders Technology Asia's AI supply chain and US data centers set to weather 'blue wave' Commodities Russian crude oil prices jump on China, India demand Artificial intelligence Nvidia shares plunge almost 10% on report board may oust Jensen Huang Politics Indonesian VP Gibran steps down, marking end of Prabowo-Widodo ties Global Management Dialogue 2026 TSMC is seeing 'insatiable' demand for chips, executive tells Nikkei Forum Latest on Currencies Currencies Japan FX intervention data underscores challenge of reversing weak yen Currencies Democratic 'blue wave' may buoy yen if AI trade reverses: FX traders Currencies New Zealand central bank stands pat, signals future hikes Sponsored Content About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.