Forex Focus — Sep 2, 2026, 09:00 UTC

Transcript

The Dollar Index surged today, propelling USD/CHF up 34 basis points. Geopolitical tensions are the primary driver, strengthening the greenback across the board. This is clearly highlighted by breaking news reporting "Dollar Strengthens Amid Middle East Tensions Driving Oil Higher." EUR/USD dipped 13 pips, trading at 1.1594. It maintains a downward trajectory, reflecting persistent dollar demand and ongoing Eurozone growth concerns. USD/JPY displayed notable upward momentum, gaining 20 pips to 160.11. This highlights continued carry trade interest and yen weakness. On the central bank front, the "Weak Jobs Report" is curbing Fed rate hike expectations. This suggests a dovish tilt from the Federal Reserve. However, the Bank of Japan's deeply dovish stance keeps interest rate differentials wide. This divergence fuels USD/JPY strength, despite potential shifts from the Fed. For tomorrow, watch EUR/USD support at 1.1550, with resistance at 1.1620. USD/JPY finds key support at 159.80. Resistance targets the 160.50 level. Stay sharp and informed with rawfin.tv.