USD/JPY bias flipped 3 times to bearish on August 1, 2026
The Bank of Japan left its policy rate unchanged at 1.00%, a widely expected decision with no surprises, while noting inflation around its 2% target. With Governor Ueda's guidance now in focus, the yen's reaction was muted, but suspected intervention and a renewed rally in EUR/JPY suggest ongoing pressure on the currency. The steady policy stance leaves the yen's direction tied to upcoming central bank signals and potential intervention risks.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed 3 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
- 08:51Bearish
- 12:04Neutral
- 19:15Bearish
Headlines (10)
First seen on August 1
Carried over from earlier days
- Investors warn BoJ faces test to inflation-fighting credibilityFinancial Times
- Bank of Japan set to keep interest rates unchanged after suspected Yen interventionFXStreet
- 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
- Pan Gongsheng: Speech - Hong Kong FIC and Bond Connect Summitbis.org
- Three central banks held rates this week. Here's what has them all worriedFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 3 | ||
| Final Manufacturing PMI | 54.7 | JPY |
| Final Manufacturing PMI | 53.8 | USD |
| ISM Manufacturing Prices | 70.0 | USD |
| Construction Spending m/m | 0.2% | USD |
| ISM Manufacturing PMI | 54.0 | USD |
| Monetary Base y/y | -13.0% | JPY |
| Loan Officer Survey | USD | |
| Omdia Total Vehicle Sales | 16.3M | USD |