Les CFD sont des instruments à effet de levier hautement spéculatifs. Leur négociation comporte un risque élevé pour votre capital. Les investisseurs doivent s'assurer de posséder des connaissances suffisantes des marchés ou solliciter un conseil financier indépendant avant d'effectuer des transactions.

Retour à Daily Market Update

Daily Market Update

USD/JPY HOLDS NEAR 159.50 AS BOJ RATE EXPECTATIONS STAY ELEVATED AHEAD OF FOMC MINUTES

USD/JPY remains near 159.50 as markets weigh elevated BoJ rate hike expectations, softer Japanese growth and upcoming FOMC Minutes.

Daily Market Update August 18, 2026

USD/JPY HOLDS NEAR 159.50 AS BOJ RATE EXPECTATIONS STAY ELEVATED AHEAD OF FOMC MINUTES

USD/JPY HOLDS NEAR 159.50 AS BOJ RATE EXPECTATIONS STAY ELEVATED AHEAD OF FOMC MINUTES

USD/JPY traded around 159.50 during Tuesday’s Asian session, with the Japanese Yen remaining near its weakest level in roughly two weeks as markets weigh expectations for further Bank of Japan tightening against softer domestic growth.

According to MUFG analysts, market pricing implies around an 80% probability of a 25-basis-point BoJ rate increase in September. The BoJ currently holds its policy rate at 1.00%, while its latest Summary of Opinions showed that several board members continue to consider further monetary tightening.

Japan’s preliminary second-quarter GDP expanded 0.3% quarter-on-quarter, below the 0.5% market forecast and the 0.5% growth recorded in Q1. Brown Brothers Harriman noted that growth was supported by net exports (+0.5 percentage points), government consumption (+0.3 points) and private inventories (+0.3 points), highlighting the importance of growth composition when assessing the BoJ outlook. This remains an institutional assessment rather than a confirmed policy outcome.

Attention also turns to Wednesday’s FOMC Minutes from the July meeting, when the Federal Reserve kept rates unchanged at 3.50%–3.75%. The Minutes may provide further insight into policymakers’ views on inflation, economic conditions and the future rate path.

Technically, USD/JPY trades near 159.51, with the 14-day RSI at 44.70. The nearest upper references are 159.64 and 160.67, followed by broader levels at 162.14 and 164.01. On the lower side, 158.61 and 157.33 remain the key technical references.

Market participants will continue to monitor BoJ rate expectations, Japan’s economic data and the FOMC Minutes, with the 158.61–160.67 area remaining an important near-term technical range for USD/JPY.

⚠️ Risk warning: Trading forex and CFDs involves significant risk and may not be suitable for all investors. You may lose all of your invested capital. Please ensure you fully understand the risks before trading. Past performance is not indicative of future results.

Partager cet article

Autres articles de Daily Market Update

EUROZONE PMI FALLS TO 51.9 AS EUR/GBP HITS FRESH LOWS

Daily Market Update

EUROZONE PMI FALLS TO 51.9 AS EUR/GBP HITS FRESH LOWS

The Eurozone’s preliminary composite PMI fell to 51.9 in October from 53.1 in September, missing expectations of 52.7 as services and manufacturing activity slowed. Rising energy costs and concerns over France’s fiscal outlook added pressure on the Euro. Meanwhile, the UK composite PMI rose to 53.1, supporting Sterling and contributing to EUR/GBP reaching an 18-month low.

GOLD FALLS BELOW $4,000 FOR THE FIRST TIME SINCE JULY AS YIELDS AND USD WEIGH

Daily Market Update

GOLD FALLS BELOW $4,000 FOR THE FIRST TIME SINCE JULY AS YIELDS AND USD WEIGH

Gold falls below $4,000 per ounce for the first time since July as elevated US Treasury yields, a firm Dollar and expectations of further Fed tightening weigh on prices. Equity market sell-offs have also triggered bullion selling, while central bank demand and ETF inflows continue to support gold's longer-term outlook. Markets now focus on the Fed's October 28 decision for clues on the metal's next move.

SNB SAYS INCREASED WILLINGNESS TO INTERVENE NO LONGER NECESSARY

Daily Market Update

SNB SAYS INCREASED WILLINGNESS TO INTERVENE NO LONGER NECESSARY

The Swiss National Bank maintains its policy rate at 0% and says a higher willingness to intervene in foreign exchange markets is no longer necessary. The Swiss Franc depreciated around 3% on a trade-weighted basis between June and September, easing overall monetary conditions. With headline inflation at 0.8% and the 2026 GDP growth forecast upgraded to 1.5%–2.0%, the SNB expects price stability to remain intact over its forecast horizon.

FRENCH YIELDS TOP 5% FOR FIRST TIME SINCE 2002 AS MOODY’S REVIEW LOOMS

Daily Market Update

FRENCH YIELDS TOP 5% FOR FIRST TIME SINCE 2002 AS MOODY’S REVIEW LOOMS

EUR/USD trades just below 1.1250 as French 10-year government bond yields exceed 5% for the first time since 2002, adding pressure on the Euro ahead of Moody’s credit rating review. Markets are monitoring Eurozone and US PMI data, ECB and Fed rate expectations, and key technical levels, with resistance at 1.1250 and support at 1.1200, 1.1150 and 1.1100.

UK CPI HITS 3.5%: CORE AND SERVICE INFLATION ALSO ACCELERATE

Daily Market Update

UK CPI HITS 3.5%: CORE AND SERVICE INFLATION ALSO ACCELERATE

UK inflation accelerated to 3.5% in September, exceeding the 3.4% forecast. Core CPI rose to 2.8%, while services inflation increased to 3.7%, reinforcing expectations that the Bank of England may maintain a restrictive policy stance. Markets are monitoring persistent inflation pressures and the outlook for further rate tightening.

DXY GIVES BACK EARLY GAINS AS AI RISKS KEEP USD UNDER PRESSURE

Daily Market Update

DXY GIVES BACK EARLY GAINS AS AI RISKS KEEP USD UNDER PRESSURE

The US Dollar Index trades near 101.80 after retreating from an intraday high of 102.01, as concerns over the AI investment cycle weigh on the Dollar. Markets are monitoring French 10-year bond yields near 4.85%, Fed rate expectations and technical support at 101.65, with the RSI at 57 indicating that bullish momentum remains above neutral.

GBP/USD REBOUNDS FROM YTD LOW TO FRESH MONTHLY HIGH

Daily Market Update

GBP/USD REBOUNDS FROM YTD LOW TO FRESH MONTHLY HIGH

GBP/USD climbs to a fresh monthly high near 1.3325 after recovering from its 1.3135 year-to-date low. Weaker US Treasury yields, expectations for the Fed to hold rates and stronger UK GDP data support the pair. Traders are monitoring resistance at 1.3343, 1.3406 and 1.3468, with initial support near 1.3265.

WARSH WON’T PRE-JUDGE OCTOBER OR DECEMBER AS DXY SLIPS TO 101.82

Daily Market Update

WARSH WON’T PRE-JUDGE OCTOBER OR DECEMBER AS DXY SLIPS TO 101.82

The US Dollar Index slips to 101.82 as Fed Chair Kevin Warsh leaves the October and December policy decisions open. Markets will monitor inflation, employment, economic output and further Fed communication for clues on the US Dollar’s near-term direction.

Toutes les actualités

Comment activer l'option sans swap : rapidité et transparence

L'activation est simpleContactez-nous et notre équipe dédiée s'occupe du reste. Aucune formalité papier ni étape cachée, juste une demande simple.
Comment activer l'option sans swap ?Contactez notre assistance par chat ou e-mail. Nous examinerons votre éligibilité et activerons le statut sans swap sur votre compte après confirmation.
Contacter l'assistance maintenant