Market Fundamental Analysis for August 5, 2026 USDJPY
Event to watch today:
15:15 EET. USD – ADP Employment Change
17:00 EET. USD – ISM Services PMI
USDJPY:
The yen is receiving fresh fundamental support following the release of the minutes from the Bank of Japan’s June meeting. The document showed that policymakers were paying increased attention to inflation risks and considering the possibility of further rate increases. Additional support came from data showing that real wages rose by 1.6% in June, marking a sixth consecutive monthly increase and strengthening the case for monetary policy normalization.
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Trading idea: SELL 157.50, SL 158.15, TP 155.90
