Forex Focus — Jul 31, 2026, 09:00 UTC

Transcript

The Japanese Yen surged 1.81% against the dollar today. This translates to a significant 181-pip move for USD/JPY. The Dollar Index faced broad selling pressure. Yen strength, driven by intervention, was the key catalyst. EUR/USD broke higher, now trading firmly at 1.1511. It gained 79 pips, up 0.79% on the session. Broad dollar weakness fueled this advance. USD/JPY exhibited extreme volatility. The 1.81% drop marks its largest move in two years. This highlights the impact of direct intervention, as per breaking news. The BOJ maintained rates at 1%. Their hawkish stance bolstered the Yen. Markets anticipate the Fed to remain data-dependent. The Bank of England is expected to maintain rates, as per headlines. For tomorrow, watch 1.1500 for EUR/USD support. Resistance sits near 1.1530. USD/JPY faces strong resistance at 160.00. Support lies near 159.50. Stay tuned for more insights on rawfin.tv.