• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Domestic News: 1. The Peoples Bank of China held its 2026 second-half work conference: continuing to implement a moderately loose monetary policy. 2. The State Administration of Foreign Exchange held its 2026 second-half foreign exchange management work exchange meeting: continuing to steadily expand institutional opening-up in the foreign exchange field. 3. China Cotton Association: opposing US sanctions and suppression of Chinese cotton textile enterprises. 4. State Grid: electricity load in many areas hit record highs, taking multiple measures to ensure power supply. International News: 1. Brazils Workers Party officially confirmed Lula as its presidential candidate. 2. The immigrant crisis in the Spanish enclave of Ceuta has resulted in 72 deaths. 3. OPEC+ agreed to increase the September oil production quota by 188,000 barrels per day. 4. Japanese officials: Japanese Finance Minister Satsuki Katayama will officially announce on Monday a coordinated Japan-US action to curb the yens depreciation; the intervention is not yet over. 5. Middle East situation—① Trump: received a request from Iran and agreed to cancel the strikes against Iran; the Iranian military called this a "lie." (Trump calls off strikes against Iran for the eighth time) ② Iranian President: The memorandum of understanding with the United States will be the core of our future diplomatic relations. ③ Iranian media: Reports that Iran has agreed to reopen the Strait of Hormuz are fake news. ④ Iranian Foreign Ministry: Negotiations between Iran and Oman are nearing completion. The Strait of Hormuz will not return to its pre-war state, and the reopening issue is unrelated to the Oman negotiations. ⑤ Israel claims Netanyahu learned of the US call to halt strikes against Iran through Trumps social media. ⑥ Iranian Parliament National Security Committee: Mediators are assisting in restoring the memorandum of understanding between Iran and the United States, and all parties have exchanged views on all issues. ⑦ Trump: US-Iran negotiations will begin tomorrow (morning of the 4th Beijing time), and an agreement has been reached on the Strait of Hormuz.August 3rd - According to CMEs "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged by September is 26.4%, and the probability of a cumulative rate hike of 25 basis points is 73.6%. The probability of the Federal Reserve keeping interest rates unchanged by October is 19.9%, the probability of a cumulative rate hike of 25 basis points is 62.1%, and the probability of a cumulative rate hike of 50 basis points is 17.9%.The UK Maritime Trade Operations Office reports an incident 20 nautical miles northeast of Sab in the Sea of Oman. The captain of an oil tanker reports hearing an explosion near his vessel.U.S. 10-year Treasury futures rose 13 points, and 30-year Treasury futures rose 22 points.Chart: Performance of major currency pairs on Monday, August 3, 2026

USD/JPY Price Analysis: To consolidate as a doji near the YTD highs near 125.70 looms

Larissa Barlow

Apr 13, 2022 10:03

  • Despite its strong association with US Treasury yields, the USD/JPY trades in a range of 125.30 to 70.

  • Forecast for the USD/JPY exchange price: Although the bias remains upward, a doji near the year-to-date highs might pave the way for lower prices.

 

As the Asian Pacific day begins, USD/JPY is practically flat, up 0.05 percent, but still short of the YTD highs near 125.77, as Tuesday's price action formed a doji, implying indecision. The USD/JPY is now trading at 125.48.

 

On Tuesday, the USD/JPY hovered above 125.45 but fell rapidly on the release of mixed US inflation readings, albeit hotter than expected; the numbers were in line with forecasts.

USD/JPY Forecast: Technical Price

The USD/JPY is now trending upward, as indicated by the daily chart. A doji near the YTD highs, on the other hand, may pave the way for a correction down.

 

Meanwhile, the USD/JPY 1-hour chart indicates the pair has established a double top, but the pair may stabilize in the 125.30-77 range after breaking over 125.35.

 

The initial upward resistance for the USD/JPY would be 125.56. A break of the latter would reveal the convergence of the YTD high and the R1 daily pivot point near 125.77-80. Once cleared, 126.00 would be the next line of defense for JPY bulls.

 

On the other hand, the initial level of support for the USD/JPY would be the confluence of the 50-hour simple moving average (SMA) and the daily pivot at 125.28-30. A strong break would pave the way to the S1 daily pivot level of 124.81, followed by the 100-hour SMA level of 124.64.

 

image.png