“Hawkish hold” may disappoint as Fed avoids committing either way.The Federal Reserve is widely expected to leave interest rates unchanged at 3.50–3.75% today, with little room for surprise on the decision itself. Instead, markets are focused squarely on the message.

Rupee falls 3 paise to 92.43 against US dollar in early trade.The Indian rupee opened at 92.42 against the US dollar on Wednesday. A plunge in global crude oil prices and positive opening at domestic equity markets prevented a sharper decline in the rupee.

AUD/JPY Price Forecast: Positive bias prevails, eyes resistance above 113.50.AUD/JPY Price Forecast: Positive bias prevails, eyes resistance above 113.50

Iraqi and Kurdish authorities reach deal to resume oil exports to Turkey's Ceyhan port.Iraqi and Kurdish authorities reach deal to resume oil exports to Turkey's Ceyhan port

WTI weakens below $93.00 mark, eyes weekly low despite rising Middle East tensions.WTI weakens below $93.00 mark, eyes weekly low despite rising Middle East tensions

EUR/JPY Price Forecast: Tests upper descending triangle boundary near 183.50.EUR/JPY Price Forecast: Tests upper descending triangle boundary near 183.50

investingLive Asia-Pacific FX news wrap: Oil price drifts a little lower.Iran launched retaliatory strikes on Israel and US-linked assets following the killing of security chief Ali Larijani in an airstrike, though oil prices edged lower as markets saw no clear sign of further escalation or de-escalation. Price action was also weighed by mixed US private inventory data, with a larger-than-expected crude build offset by a deeper-than-forecast draw in gasoline.

Japanese Yen flattens against US Dollar around 159.00 in countdown to Fed's policy.Japanese Yen flattens against US Dollar around 159.00 in countdown to Fed's policy

Rupee counts on RBI backstop before Fed decision; oil looms large over outlook.The Indian rupee is expected to hover in a narrow range on Wednesday, supported by persistent central bank intervention near ​the 92.50-per-dollar level, while traders await the Federal Reserve's rate ‌decision amid surging oil prices.

Pound Sterling remains flat as traders adopt caution ahead of Fed decision.Pound Sterling remains flat as traders adopt caution ahead of Fed decision

US Dollar Index flat lines above 99.50 as traders brace for Fed rate decision.US Dollar Index flat lines above 99.50 as traders brace for Fed rate decision

Canadian Dollar holds steady ahead of Fed, BoC policy decisions.Canadian Dollar holds steady ahead of Fed, BoC policy decisions

Japan trade data highlights diversification, shift away from China and U.S..Japan's trade data for February revealed a mixed but resilient picture, with exports rising 4.2% yoy to JPY 9,572B, comfortably above expectations. Imports also strengthened, up 10.2% yoy to JPY 9,514B, resulting in a trade surplus of JPY 57.3B.

Australian Dollar gathers strength as RBA hikes rates, Fed rate decision looms.Australian Dollar gathers strength as RBA hikes rates, Fed rate decision looms

Technical Levels for Major FX Pairs Ahead of FOMC.Since January 28, Oil is up close to 60%, Silver is down 25%, previously indestructible US Indexes have eased between 3% to 5%, and the World is now looking very different.

Commodity currency carry trades see best returns in years.The currency market's carry trade strategy is seeing its best returns in three years. Rising oil prices, triggered by the Iran war, are boosting this approach.

US targets Iranian missile sites near the Strait of Hormuz.US targets Iranian missile sites near the Strait of Hormuz

Projectile strikes near Iran's Bushehr nuclear plant, no damage reported.A projectile struck the premises of Iran's Bushehr nuclear power plant on Tuesday evening, according to the International Atomic Energy Agency (IAEA), marking a concerning escalation in the proximity of military activity to critical nuclear infrastructure. Iranian authorities informed the agency of the incident, which reportedly caused no damage to the facility and resulted in no injuries to staff.

WTI rises above $95.00 as Iran's attacks on facilities fuel supply fears.WTI rises above $95.00 as Iran's attacks on facilities fuel supply fears

USD/JPY Conundrum: Intervention risk looms as central banks meet (Fed-BoJ double-header).USD/JPY nears 160.00 amid a high-stakes "central bank double-header." This analysis details the Fed and BoJ's upcoming decisions, potential rate impacts, and key scenarios that could trigger FX intervention by the Japanese Ministry of Finance this week.

Dollar holds losses as risk appetite flickers ahead of central bank meetings.The dollar held losses on Wednesday as a glimmer of risk appetite came back to markets ahead of a slate of key central bank decisions.

Japan exports beat forecasts but lose momentum from prior surge.Japan's trade balance unexpectedly returned to surplus in February, with Ministry of Finance data showing a surplus of ¥57.3 billion, sharply beating expectations for a ¥483.2 billion deficit and improving significantly from the ¥1.15 trillion deficit recorded in January.

Australia Westpac Leading Index (MoM) declined to -0.1% in February from previous -0.04%.Australia Westpac Leading Index (MoM) declined to -0.1% in February from previous -0.04%

Australia leading index steady. Growth outlook softens to below trend on rate hikes & war.Australia's growth outlook is showing early signs of softening, with the Westpac–Melbourne Institute Leading Index holding steady at +0.08% in February on a six-month annualised basis, unchanged from January but down from stronger readings late last year.

South Korea Unemployment Rate down to 2.9% in February from previous 3%.South Korea Unemployment Rate down to 2.9% in February from previous 3%

USD/JPY Edges lower for second day as traders brace for Fed and BoJ.USD/JPY Edges lower for second day as traders brace for Fed and BoJ

New Zealand Westpac Consumer Survey up to 94.7 in 4Q from previous 90.9.New Zealand Westpac Consumer Survey up to 94.7 in 4Q from previous 90.9

BoT: Rate on hold as Oil shock unfolds – UOB.BoT: Rate on hold as Oil shock unfolds – UOB

New Zealand Current Account - GDP Ratio dipped from previous -3.5% to -3.7% in 4Q.New Zealand Current Account - GDP Ratio dipped from previous -3.5% to -3.7% in 4Q

New Zealand Current Account (QoQ) below forecasts ($-4.75B) in 4Q: Actual ($-5.98B).New Zealand Current Account (QoQ) below forecasts ($-4.75B) in 4Q: Actual ($-5.98B)