USD/JPY bias flipped 18 times to bearish on July 23, 2026
The yen is consolidating as market expectations for further Bank of Japan rate hikes by December provide support, though the currency continues to slide, prompting Tokyo to vow "bold" action. Meanwhile, a stronger-than-expected US initial jobless claims reading (187K vs 212K) underpins the dollar, creating a tug-of-war for USDJPY ahead of this week's Fed decision.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 18 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 05:24Weak bullish
- 05:28Neutral
- 07:43Bullish
- 07:47Neutral
- 11:52Bearish
- 12:04Neutral
- 12:20Bearish
- 12:28Neutral
- 12:32Bullish
- 12:44Neutral
- 13:45Bullish
- 16:02Neutral
- 16:42Bearish
- 17:22Bullish
- 20:50Neutral
- 21:02Weak bullish
- 21:42Neutral
- 23:34Bearish
Headlines (17)
First seen on July 23
- Yen Consolidates; Hopes for Faster Pace of BOJ Rate Hikes May SupportThe Wall Street Journal
- Australian Dollar gains against Japanese Yen following employment dataFXStreet
- Swiss Franc snaps three-day losing streak against US Dollar, outlook remains fragileFXStreet
- BoJ to raise rates again by December — Reuters pollFXStreet
- FX option expiries for 23 July 10am New York cutInvestingLive
- Options Brief - Chips cool vol, oil lifts yields - 22 July 2026home.saxo
- USD/JPY Price Forecast: Remains above 163.00 near fresh 40-year highsFXStreet
- ECB leaves deposit rate unchanged at 2.25%, as widely expectedInvestingLive
- US initial jobless claims 187K versus 212K expectedInvestingLive
- Bearish bets push Canadian dollar past yen as world’s most-shorted currencyInvesting.com
Carried over from earlier days
- Options Brief - Oil vol at triple the VIX - 20 July 2026home.saxo
- Weekly Economic Calendar for 27.07.2026–02.08.2026LiteFinance
- Tokyo vows to take ‘bold’ action as yen keeps slidingFinancial Times
- A dense week ahead: Fed decision, Big Tech earnings, and month-end crypto expiryblog.kraken.com
- Euro holds near five-week highs against Yen despite hawkish BoJ commentsFXStreet
- investingLive Americas FX news wrap 22 Jul. Middle east tensions keep markets on edge. Oil higher.InvestingLive
- Japan’s Power Prices Soar to 3.5-Year HighOilPrice.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, July 23 | ||
| Unemployment Claims | 211K | USD |
| Natural Gas Storage | 29B | USD |
| Treasury Currency Report | USD | |
| National Core CPI y/y | 1.6% | JPY |
| Friday, July 24 | ||
| Flash Manufacturing PMI | 55.0 | JPY |
| Flash Services PMI | 51.3 | USD |
| Flash Manufacturing PMI | 54.4 | USD |
| New Home Sales | 609K | USD |