USD/JPY bias flipped 6 times to weak bearish on August 2, 2026
The Bank of Japan left its policy rate unchanged at 1.00%, while reports indicate coordinated Japan-U.S. intervention to support the yen, including a plan by U.S. Treasury Secretary Bessent to purchase yen. This intervention pressure has weighed on the dollar-yen pair despite otherwise bullish macro factors for the dollar. With speculative FX positioning described as deeply bearish, traders are assessing whether the yen's rebound is a correction or a reversal.
Updated
The reading that day
Weak bearishAt the close of the UTC day.
BearishNeutralBullish
It changed 6 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
- 00:00Bearish
- 12:02Neutral
- 20:55Bearish
- 21:51Neutral
- 22:07Bearish
- 22:51Weak bullish
- 23:27Weak bearish
Headlines (23)
First seen on August 2
- Analyst Claims XRP Could Ease Japan’s Yen Crisis: Is It Realistic?BeInCrypto
- Monday open indicative forex prices, 03 August 2026InvestingLive
- Japan's finance minister will confirm joint (with US) conducted yen intervention on MondayInvestingLive
Carried over from earlier days
- 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
- Euro: Supported by growth surprise – CommerzbankFXStreet
- The FX Trader: USD kicks off bear move as USDJPY intervention weighs.home.saxo
- Japan may have sold $58.97 billion in yen-buying interventionInvesting.com
- How have interest rate expectations changed after this week's events?InvestingLive
- BIS Project Agorá settles $1 million in tokenized cross-border payment trialsCointelegraph
- Japanese Yen dips back to 160.00 against the US Dollar as post-BoJ gains fadeFXStreet
- The USD is higher to start the NA session. How are the charts impacting trader bias?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
- The Japanese Yen has a second buyer nobody will nameFXStreet
- Exclusive-Bessent’s ’to do’ list: buy $5-10 billion worth of Japanese yen, Reuters photo showsInvesting.com
- Bank of Japan leaves rates at 1.00% with no surprisesING Think
- America Broke a 28-Year Rule to Save the Yen and Bitcoin Felt It FirstBeInCrypto
- Dollar Hit by Intervention Despite Bullish Macro Factors. Correction or Reversal?ActionForex
- CFTC Report: Bearish FX extremes deepen as cross-asset signals divergeFXStreet
- Japan, US Plot Yen Rescue as Speculators Face ReckoningBitcoin.com News
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 |
| Omdia Total Vehicle Sales | 16.3M | USD |
| Loan Officer Survey | USD | |
| Monetary Base y/y | -13.0% | JPY |