One might notice that the USD/JPY has been moving in a rapid upward move in the past few hours. The currency pair slightly touched 104.00 area - levels not seen since March. There are rumours that this area is being defended by the Bank of Japan. In the past BoJ’s FX interventions were nothing unusual. Has the Japanese Yen become too strong against the U.S. dollar again?
USDJPY clearly bounced off 104.00 area. Source: xStation5
Eurozone PMIs: German Factory Revival Masks Underlying Stagnation 🇪🇺
Chart of the Day: Yen Falls From 40-Year Highs – What’s Next? (03.08.2026)
Economic Calendar: What Could Move the Market This Week? (03.08.2026)
Morning Wrap: USA Halts Strikes – Oil Down, Stocks Up (03.08.2026)