Forex Focus — Aug 23, 2026, 09:00 UTC

Transcript

"US Intervenes to Support Weakening Japanese Yen" marked this week's key FX event. This caps broader dollar strength. The DXY consolidates, despite robust US business activity. Fed minutes revealed a hawkish tilt, reflecting this acceleration. EUR/USD holds firm at 1.1682, showing zero movement. It remains range-bound, awaiting clear signals. We see support at 1.1650, resistance at 1.1700. That's a 50-pip band for tomorrow. The Bank of Japan's continued dovish stance necessitated intervention. USD/JPY currently sits at 158.88. We anticipate resistance at 159.00, support at 158.50. That's another 50-pip swing. Elsewhere, exotic pairs showed unusual volatility. Carry trades unwound rapidly, highlighting regional risks. The European Central Bank maintains its data-dependent posture, offering little new direction. For tomorrow, watch those key levels closely. The market remains sensitive to central bank rhetoric. That's your Forex Focus for today, on rawfin.tv.