Fundamental Market Analysis for September 2, 2026 USDJPY
Event to watch today:
15:15 EET. USD – ADP Employment Change
USDJPY:
A month without swaps on majors!
USDJPY remains above 160 as rising US Treasury yields and expectations of a Fed rate hike support the dollar. Wide interest rate differentials favor carry trades, while higher oil prices pressure Japan’s import-dependent economy.
Bank of Japan representative Hajime Takata signaled that rates may need to rise to contain inflation. However, expectations of tighter BoJ policy have not yet provided sustained support for the yen.
Possible intervention by Japanese authorities remains the main risk to further growth. Until concrete measures emerge, strong dollar momentum, elevated oil prices, and wide rate differentials favor a bullish USDJPY scenario.
Trading idea: BUY 160.27, SL 159.87, TP 161.27
