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Forex Focus — Aug 24, 2026, 09:00 UTC
Japan intervened with a massive ¥8.45 trillion in the currency market. This action supported the yen. The Dollar Index shows slight gains. EUR/USD trades at 1.1680, down 2 pips, or 0.02%. Federal Reserve officials remain divided. Kashkari dissented, advocating no rate hike.
Key takeaways
- Japan intervened with a massive ¥8.45 trillion in the currency market.
- EUR/USD trades at 1.1680, down 2 pips, or 0.02%.
- USD/JPY rose 2 pips to 158.91 despite the BOJ's efforts.
Transcript
Japan intervened with a massive ¥8.45 trillion in the currency market. This action supported the yen. The Dollar Index shows slight gains. EUR/USD trades at 1.1680, down 2 pips, or 0.02%. Federal Reserve officials remain divided. Kashkari dissented, advocating no rate hike. This signals internal FOMC debate on future policy. The Bank of Japan's significant intervention was confirmed. They even partnered with South Korea to stabilize the won. This created sharp volatility across Asian exotics. USD/JPY rose 2 pips to 158.91 despite the BOJ's efforts. The carry trade remains attractive. For tomorrow, watch EUR/USD support at 1.1650. Resistance sits at 1.1700. USD/JPY finds support at 158.50. Resistance is firm at 159.00. Stay informed with rawfin.tv.
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