SmartFin market analysis | 25 September 2026 | Midday Dubai update
The US dollar was heading for a second consecutive weekly gain on Friday. Rising US Treasury yields and expectations of further Federal Reserve rate increases supported the currency. But the yen’s sudden rebound showed why the weekly trend does not tell the whole story of today’s forex market.
In a Friday morning market report, the dollar index was near 101.2, the euro was around $1.1370, and sterling was near $1.3220. These were intraday prices and may have changed since the report was published.
The yen made the day’s more notable move. It strengthened to around ¥158.15 per dollar after remarks from Japan’s finance minister renewed attention on currency weakness and possible official action. The move interrupted a difficult period for the yen, though one rebound does not establish a lasting change in direction.
Interest rates remain central to the wider picture. The Federal Reserve raised its target rate range to 3.75%–4.00% on 16 September, citing elevated inflation. Recent business surveys also pointed to strong US activity and persistent cost pressures. Markets are weighing what those developments could mean for future rate decisions, but another increase is not certain.
Gold was also under pressure for the week as traders assessed the stronger dollar and rate outlook. Spot gold was around $4,274.90 an ounce at 10:32 am Dubai time. As with the currency figures above, this is a timestamped snapshot rather than a current quote.
What matters next? Watch whether the dollar keeps its weekly gains as European and US trading continues, and whether the yen holds its rebound. Check live prices and upcoming announcements before making a trading decision: new information can change prices, spreads and execution conditions quickly.
This midday review reflects information available on 25 September 2026 and is for education only. It is not a trading recommendation. Forex and CFD trading involve risk and may result in loss of capital.
