USD/JPY bias flipped 46 times to neutral on July 31, 2026
Bank of Japan held rates unchanged, citing inflation around or slightly above its 2% target, while market attention turns to Governor Ueda's guidance for policy signals. Separate reports mention suspected yen intervention and broader central bank decisions, leaving the yen's trajectory closely tied to the BOJ's inflation outlook and communication.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 46 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
- 00:15Weak bearish
- 00:43Neutral
- 01:35Bullish
- 02:28Neutral
- 03:16Bearish
- 03:20Bullish
- 03:36Neutral
- 03:40Bullish
- 03:44Bearish
- 04:00Neutral
- 04:08Bullish
- 04:44Neutral
- 06:04Bearish
- 06:24Bullish
- 06:29Neutral
- 06:53Bearish
- 07:09Neutral
- 07:29Weak bullish
- 07:40Bullish
- 08:08Weak bullish
- 08:12Neutral
- 08:28Bearish
- 08:32Neutral
- 09:05Bearish
- 09:53Neutral
- 10:05Bearish
- 11:02Bullish
- 11:38Bearish
- 11:50Neutral
- 12:06Bearish
- 12:10Neutral
- 12:14Weak bearish
- 12:22Bullish
- 12:46Bearish
- 13:18Neutral
- 13:26Weak bearish
- 13:35Bearish
- 13:39Weak bullish
- 13:43Neutral
- 14:11Bullish
- 14:15Neutral
- 14:35Weak bullish
- 14:51Neutral
- 17:42Bearish
- 18:58Bullish
- 19:38Neutral
Headlines (13)
First seen on July 31
- Yen’s Focus on BOJ Gov. Ueda’s GuidanceThe Wall Street Journal
- EUR/JPY rallies further above 185.00 against Japanese Yen after BoJ’s policy decisionFXStreet
- BOJ holds rates at 1%, warns of underlying inflation exceeding 2% targetCNBC
- Bank of Japan Stands Pat, Continues to See Inflation Around 2%The Wall Street Journal
- How have interest rate expectations changed after this week's events?InvestingLive
- Three central banks held rates this week. Here's what has them all worriedFXStreet
Carried over from earlier days
- Bank of Japan normalisation will continue amid market tensionsFinancial Times
- A Fed hold, a Warsh non-answer, and one day of cover for the Japanese YenFXStreet
- Investors warn BoJ faces test to inflation-fighting credibilityFinancial Times
- Event Guide: BOJ Monetary Policy Statement (July 2026)babypips.com
- Gold and FX Drive VT Markets to $8 Trillion H1 Trading Volume, Up 212%financemagnates.com
- The Federal Reserve Has Eroded 97% of Your Dollar’s Value Since 1913. Here’s the Mechanism.GoldSilver
- Bank of Japan set to keep interest rates unchanged after suspected Yen interventionFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, July 31 | ||
| BOJ Policy Rate | <1.00% | JPY |
| BOJ Outlook Report | JPY | |
| Monetary Policy Statement | JPY | |
| Housing Starts y/y | 12.7% | JPY |
| BOJ Press Conference | JPY | |
| Employment Cost Index q/q | 0.8% | USD |
| Chicago PMI | 55.9 | USD |
| Revised UoM Inflation Expectations | USD | |