Forex Focus — Aug 1, 2026, 09:00 UTC

Transcript

USD/JPY plunged 126 pips, trading at 158.54 after Japan's market intervention. This dramatic move drove broader dollar weakness. The DXY softened, despite EUR/USD holding precisely flat at 1.1511. The Euro remains range-bound, lacking fresh catalysts. For tomorrow, 1.1500 acts as immediate support for EUR/USD. Resistance sits at 1.1550. The Bank of Japan dominated headlines this week. They maintained rates at 1%, signaling a hawkish shift. This stance, coupled with direct intervention, triggered the Yen's sharpest surge in two years. The BOJ's actions confirm a strong floor around 158.50 for USD/JPY. Meanwhile, the Fed and ECB offered no new policy guidance this week. Both are expected to hold current rates. This leaves currency markets focused on carry trade dynamics. The British Pound gained 19 basis points against the dollar, reaching 1.3454. Tomorrow, watch 1.3400 as support. For deeper analysis, visit rawfin.tv.