USD/JPY: Finally, something seems to be stirring, and it is to the downside [Video]

Richard Perry Independent Analyst

USD/JPY

After about a week of trading where Dollar/Yen was looking for direction, finally something seems to be stirring, and it is to the downside. With Treasury yields beginning to threaten lower, it is notable that Dollar/Yen is also beginning to slide. Technically, we see a run of negative candles beginning to develop, with two negative closes in a row and a move lower early today. Near term support at 107.20 has been broken and negative momentum is being generated. MACD lines are now ticking lower, whilst daily RSI falls away along with Stochastics. This is growing further today as the market moves to test 106.80 support. A closing breach of 106.80 would once more open the key medium term range lows around 106.00. The hourly chart momentum signals are now taking on a growing negative configuration, with hourly RSI consistently now failing at 50 and pressurising 30 as intraday rallies are now failing at lower levels. Initial resistance is beginning to develop between 107.20/107.40.

Author

Richard Perry

Independent Analyst

Richard Perry, Independent Market Analyst, has over 20 years of experience working in financial markets in London.

GBP/USD: Daily gains remain capped by 1.3650

GBP/USD leaves behind Monday’s pessimism and advances marginally on Tuesday. Cable’s humble gains, however, appear to have met quite a decent resistance in the 1.3650 zone for now, in a context of a slight selling pressure hovering around the Greenback.

EUR/USD picks some pace, retests 1.1670

EUR/USD advances modestly and revisits the 1.670 zone on turnaround Tuesday. The pair’s slight advance comes after two daily drops in a row and follows the humble decline in the US Dollar, while investors gear up for upcoming US data and the Jackson Hole Symposium.

Gold treads water around $4,650

Gold navigates the middle of its daily range near $4,650 per troy ounce on Tuesday. The lack of clear direction in the yellow metal comes on the back of the widespread cautious tone among market participants, a mildly offered stance in the US Dollar and a marked decline in US Treasury yields across the curve.

Crypto Today: Bitcoin soars past $80K as Ethereum and XRP hold gains

Bitcoin (BTC) is trading above $80,000 on Tuesday. This is the highest level the Crypto King has traded since mid-May, underscoring a positive shift in investors' risk-on sentiment, liquidity conditions and the technical outlook.

Nvidia earnings: A quick look at expectations

The 2026 Q2 earnings season is nearly over for S&P 500 members, with the reporting cycle notably positive. But looming large this week is none other than AI-favorite NVIDIA (NVDA) , whose results will wrap up the reporting cycle for the Magnificent Seven group as well.

$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap

The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with. At 12:32 GMT, the department said it would at least double the size of liquidity support buyback operations in the 10-year to 20-year and 20-year to 30-year sectors, lifting the maximum from $2 billion per operation to at least $4 billion, effective September 9 and running to November 4.