USD/JPY bias turned bearish on August 9, 2026
USDJPY is being driven by shifting Fed policy expectations after surprisingly weak US jobs data cast doubt on further rate hikes, with market odds now favoring a September hold. This has pressured US Treasury yields, while headlines also highlight ongoing yen intervention concerns and fiscal worries tied to heavy T-bill issuance, adding to the pair's sensitivity.
Updated
The reading that day
BearishAt the close of the UTC day.
BearishNeutralBullish
It changed once 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
- 23:51Bearish
Headlines (21)
First seen on August 9
- US Government Sold $638 Billion of Just T-Bills this Week, 10-Year Treasury Yield Dips after Big Kahuna Yen Interventionwolfstreet.com
- Here are the 2 big things we're watching in the stock market in the week aheadCNBC
- Fed Hike Bets Crack as September Hold Odds Storm Into LeadBitcoin.com News
Carried over from earlier days
- 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
- Yen rally fades a week after U.S.-Japan intervention as focus shifts to policyCNBC
- How have interest rate expectations changed after this week's events?InvestingLive
- US Non-Farm Payrolls Contract -23k. Revisions Expose Deeper Labor Market WeaknessActionForex
- Japanese Yen surges as weak US jobs data questions Fed rate hike expectationsFXStreet
- Australian Dollar climbs near two-month highs as NFP turns negativeFXStreet
- FX Talking: Caught between war and WarshHellenic Shipping News
- EUR/JPY recovers from session low but remains down on FridayFXStreet
- GBP/JPY Price Forecast: Rebound holds above 200-day SMAFXStreet
- G10 FX Talking: The narrow path to a weaker dollarHellenic Shipping News
- Bessent's 'Yentervention' Does Not Fix Japan's Underlying Structural IssuesZeroHedge
- Surprise US job weakness casts serious doubt on Fed rate hikesING Think
- The US bares its financial weak spotFinancial Times
- CFTC Report: FX repositioning dominates as commodities divergeFXStreet
- Another explosion reported in Sumy in northern UkraineTASS
- Strategist explains why U.S. yen support is built to failInvesting.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, August 9 | ||
| Bank Lending y/y | 5.7% | JPY |
| BOJ Summary of Opinions | JPY | |
| Current Account | 2.50T | JPY |
| Prelim Machine Tool Orders y/y | JPY | |
| Monday, August 10 | ||
| Economy Watchers Sentiment | 44.6 | JPY |
| Cleveland Fed Inflation Expectations | USD | |
| FOMC Member Hammack Speaks | USD | |
| Bank Holiday | JPY | |