Today, 4 September, the market’s main focus is the August US employment report. According to CNBC, the consensus forecast calls for just 53,000 nonfarm jobs to be added following July’s decline, highlighting the continued weakness of the labour market. At the same time, the Federal Reserve’s focus is shifting towards inflation risks. In the eurozone,…
Key Highlights USD/JPY started a major decline from the 160.40 zone. It traded below a key bullish trend line with support at 159.70 on the 4-hour chart. WTI Crude Oil prices could gain bullish momentum if it surpasses $92.65. EUR/USD is showing positive signs above the 1.1580 support. USD/JPY Technical Analysis The US Dollar struggled…
EURJPY continues to present a clear risk of a larger‑degree correction against the cycle that began at the February 2025 low. The internal structure of this pullback is forming as a double three, which is consistent with the broader corrective tone in the cross. The decline to 179.37 completed wave (W), and the subsequent advance…
This file photo shows Japan’s Finance Ministry in Tokyo’s Chiyoda Ward. (Mainichi) TOKYO (Kyodo) — Japan remains on high alert over foreign exchange movements, its top currency diplomat Atsushi Mimura said Thursday, following the yen’s sharp rise against the U.S. dollar in the day’s trading. “I’m…
GBP/JPY plunges below 200-day SMA after intervention speculation. Oversold RSI warns sellers may face mean-reversion rebound. Break below 210.00 exposes 209.64 and 209.00 support. The GBP/JPY tanks amid speculation of intervention by Japanese authorities in the FX markets, driven by a rate check by Tokyo. The cross-pair drops more than 300 pips, trades at 210.92,…
US services activity strengthened more than expected in August, with ISM PMI Services rising from 54.1 to 55.4, above 54.3 consensus and marking a 26th consecutive month of expansion. Demand indicators were particularly strong: Business Activity jumped from 59.1 to 61.7, while New Orders surged from 57.2 to 60.9, both reaching multi-year highs. Backlogs also…
The rate of the yen against the US dollar displayed in the trading room at foreign exchange brokerage Gaitame.Com Co. in Tokyo, Japan, on Thursday, Sept. 3, 2026. Bloomberg | Bloomberg | Getty Images The yen strengthened sharply Thursday, reaching a one-month high against the U.S. dollar as traders weighed the possibility of further Japanese…
After waiting for months and years for some real JPY strength, are we really seeing it, or is it temporary? The big move started yesterday when a Bank of Japan board member said that a 25 basis point rate increase is “not necessarily set in stone” and that back-to-back rate hikes are possible. In today’s…
Market Overview The crypto market’s capitalisation has remained within the $2.58T–$2.68T range for almost two weeks now. Having staged an impressive rally from 19 to 22 August, the market has returned to a consolidation phase. However, this is already a bullish consolidation rather than a mere pause, as the market achieved a significant technical breakout…
Created on September 03, 2026 The Euro initially rallied on Wednesday but then plunged against the Loonie. EUR/CAD The Euro initially rallied a bit during the early part of the Wednesday session, but we continue to see the range-bound action play out. The sell-off in the Euro suggests that the Canadian dollar could continue to…