USD/JPY bias flipped 28 times to neutral on August 7, 2026
The yen has strengthened significantly against the dollar after record joint U.S.-Japan intervention, with USDJPY recently near 157.50, and BofA responding by cutting its year-end forecast to 149. Meanwhile, weak Japanese household spending data (-6.4% m/m vs. -3.1% expected) highlights domestic economic fragility, but intervention remains the dominant immediate driver of the pair.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 28 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
- 01:11Bullish
- 01:15Neutral
- 01:19Bearish
- 03:04Weak bullish
- 03:28Bearish
- 03:44Neutral
- 04:28Bearish
- 04:36Neutral
- 05:12Weak bullish
- 05:40Neutral
- 05:52Bearish
- 06:12Neutral
- 07:08Weak bullish
- 07:48Neutral
- 10:09Bearish
- 11:09Neutral
- 12:17Bearish
- 14:22Bullish
- 15:30Bearish
- 16:34Neutral
- 17:02Bearish
- 18:35Neutral
- 18:51Bearish
- 19:11Bullish
- 19:35Neutral
- 20:15Bullish
- 20:27Weak bearish
- 21:03Neutral
Headlines (11)
First seen on August 7
- US euro sale to prop up yen blindsided European Central BankFinancial Times
- US Helps Prop Up Yen, but Japan Demands Trump Drop the Pokémon MemesBeInCrypto
- Japanese Yen holds onto weekly losses amid absence of US-Japan intervention follow-upFXStreet
- How have interest rate expectations changed after this week's events?InvestingLive
Carried over from earlier days
- investingLive European markets wrap: Dollar subdued, gold climbs; US stocks eyed after record-breaking dayInvestingLive
- BofA cuts year end dollar/yen forecast to 149 after interventionInvestingLive
- Record intervention bought the Japanese Yen a return to mid-MayFXStreet
- The joint U.S.-Japan support of the yen is unusual. The way it is being financed is unprecedented, writes WSJ’s @jmackin2The Wall Street Journal
- Japanese Yen gathers strength to near 157.50 on US-backed interventionFXStreet
- The USDJPY makes a break for it.InvestingLive
- Japan June 2026 Household spending -6.4% m/m (vs. expected -3.1%, prior +3.7%)InvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 7 | ||
| Leading Indicators | 116.5% | JPY |
| Non-Farm Employment Change | 85K | USD |
| Average Hourly Earnings m/m | 0.3% | USD |
| Unemployment Rate | 4.2% | USD |
| FOMC Member Barkin Speaks | USD | |
| Consumer Credit m/m | 11.4B | USD |
| Saturday, August 8 | ||
| FOMC Member Bowman Speaks | USD | |
| Sunday, August 9 | ||
| Current Account | 2.50T | JPY |