USD/JPY bias flipped 36 times to neutral on August 5, 2026
The yen's recent strength follows record official intervention, which has brought USDJPY back to mid-May levels. Investors are now focused on the Bank of Japan's policy path, with hints from US Treasury Secretary Bessent and BoJ minutes pointing to a possible rate hike. Meanwhile, Fed commentary remains in the background, but intervention and BoJ expectations are the primary drivers.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 36 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
- 00:23Bullish
- 00:43Neutral
- 01:03Weak bearish
- 01:27Bullish
- 02:19Bearish
- 02:35Neutral
- 02:39Weak bullish
- 02:59Bearish
- 03:15Neutral
- 04:07Bearish
- 04:56Bullish
- 05:00Neutral
- 05:12Bearish
- 05:48Weak bearish
- 06:28Bullish
- 06:41Weak bullish
- 06:45Neutral
- 07:13Bearish
- 07:45Neutral
- 08:01Bearish
- 08:05Bullish
- 08:38Neutral
- 09:46Bearish
- 10:42Bullish
- 11:46Weak bearish
- 11:50Neutral
- 12:22Bearish
- 12:55Bullish
- 13:07Bearish
- 14:07Weak bearish
- 14:39Bearish
- 15:15Bullish
- 16:15Neutral
- 19:32Bearish
- 20:08Bullish
- 20:44Neutral
Headlines (12)
First seen on August 5
- BoJ Minutes: Members firmly focus on upside inflation riskFXStreet
- investingLive European markets wrap: Dollar subdued, gold climbs; US stocks eyed after record-breaking dayInvestingLive
- What the Stock Market’s Record Rally Has to Do With Rescuing the YenThe New York Times
- BofA cuts year end dollar/yen forecast to 149 after interventionInvestingLive
- Record intervention bought the Japanese Yen a return to mid-MayFXStreet
Carried over from earlier days
- A Currency Trader at Heart, Bessent Bets on Japan’s YenThe New York Times
- The FX Trader: Coordinated JPY intervention changes the playing field.home.saxo
- Only the Bank of Japan Can Arrest the Yen’s DeclineThe Wall Street Journal
- Five Charts That Show Why the U.S. and Japan Teamed Up to Buy YenThe Wall Street Journal
- US Treasury Secretary Bessent's remarks to CNBC might be hinting to an imminent BoJ rate hikeInvestingLive
- Fed's Paulson: For me, the vote was not a close callInvestingLive
- Why Bitcoiners should care that Washington joined a $96B yen rescue to shield over $1 trillion in US TreasuriesCryptoSlate
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 5 | ||
| FOMC Member Schmid Speaks | USD | |
| ADP Non-Farm Employment Change | 68K | USD |
| Final Services PMI | 53.6 | USD |
| ISM Services PMI | 54.5 | USD |
| Crude Oil Inventories | -1.5M | USD |
| FOMC Member Cook Speaks | USD | |
| President Trump Speaks | USD | |
| Thursday, August 6 | ||
| FOMC Member Daly Speaks | USD | |