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Forex Focus — Aug 8, 2026, 09:00 UTC
The US Dollar / Japanese Yen pair plunged 22 pips today. It now trades at 157.86. This follows aggressive intervention. Japan spent a record ¥6.28 trillion to support the Yen. The broader Dollar Index shows weakness. This is driven by the BOJ's decisive action. EUR/USD climbed 19 pips to 1.1552.
Key takeaways
- The US Dollar / Japanese Yen pair plunged 22 pips today.
- Japan spent a record ¥6.28 trillion to support the Yen.
- EUR/USD climbed 19 pips to 1.1552.
Transcript
The US Dollar / Japanese Yen pair plunged 22 pips today. It now trades at 157.86. This follows aggressive intervention. Japan spent a record ¥6.28 trillion to support the Yen. The broader Dollar Index shows weakness. This is driven by the BOJ's decisive action. EUR/USD climbed 19 pips to 1.1552. It holds above the 1.1500 level. The Euro's resilience suggests steady ECB policy. The Fed remains on watch. However, market pricing implies reduced hawkishness. USD/JPY experienced unusual volatility. This was due to joint US-Japan intervention. This marks the first such move since 1998. For tomorrow, watch EUR/USD support at 1.1500. Resistance sits at 1.1600. USD/JPY finds support at 157.50. Resistance is at 158.50. Stay sharp for central bank commentary. Geopolitical headlines also bear watching. That's your Forex Focus on rawfin.tv.
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