Dollar Falls as Fed Decision Looms, Yen and Real Gain

Woman holds U.S. dollar banknotes on May 30, 2022. Dado Ruvic/Illustration/Reuters

LONDON/TOKYO—The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes.

The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points (bps) rate hike, the fourth such increase in a row.