The dollar weakened toward its lowest level since February 2022 as the Japanese yen strengthened. Still, currency moves stayed broad-based. The euro rose 0.8% to $1.1975. Meanwhile, the pound gained 0.6% to $1.3767, and the yen rose 0.8% to 152.99 per dollar.
Treasuries moved modestly ahead of the Fed decision. The 10-year Treasury yield rose one basis point to 4.22%, while the two-year yield slipped one basis point to 3.58%. Meanwhile, the 30-year yield rose three basis points to 4.83%.
Commodities and crypto traded higher. West Texas Intermediate (WTI) crude rose 1.8% to $61.75 a barrel, while Bitcoin rose 0.4% to $88,344.99. Ether gained 1.4% to $2,968.67. Meanwhile, traders also digested tariff signals after Trump said he planned a 25% tariff on South Korean goods.
Meta, , and Tesla are due to report earnings after the close on Wednesday, with Apple reporting on Thursday. Many large companies report this week. Traders will watch whether results keep the S&P 500 record high theme intact.

