USD/JPY news for August 3, 2026
The yen hit a three-month high after U.S. intervention and President Trump's support, but investors remain skeptical about the currency's outlook. The yen later weakened slightly on what was seen as a technical correction, while broader market developments such as oil price moves and diplomatic efforts have also been in focus.
How the day unfolded
The dollar declined against the yen after Japan and the US confirmed a joint intervention, with officials warning of further action. The move came despite bullish macro factors for the dollar, while earlier yen weakness was attributed to a technical correction. Traders remain on alert for additional intervention.
The US dollar weakened against the yen, pressured by joint US-Japan intervention that lifted the yen and triggered a technical correction. Traders remain alert for further intervention as the yen extends its rally, with broader macro factors taking a backseat to intervention-related flows.
USD/JPY is being driven primarily by joint U.S.-Japan intervention that has lifted the yen and triggered a sudden dollar decline, with traders on alert for further action. While a slight yen weakening was noted as a likely technical correction, the dominant theme remains intervention-fueled yen strength, despite bullish macro factors for the dollar.
The yen recently hit a three-month high after comments from Trump and a joint intervention effort, but has since eased slightly on a technical correction. Meanwhile, the dollar holds ground as expectations of further Federal Reserve rate hikes support the U.S. dollar index. These crosscurrents are keeping USD/JPY volatile.
The yen recently climbed to a three-month high, supported by joint intervention and comments from Trump, but has since edged lower on a likely technical correction. Meanwhile, the dollar holds its ground as Federal Reserve uncertainty and upbeat US inflation remarks underpin the currency, keeping USDJPY in a mixed state.
The yen recently hit a three-month high, aided by intervention-related support and U.S. political headlines, before easing slightly on likely technical correction. Meanwhile, the dollar held its ground as U.S. inflation commentary remained positive and Fed uncertainty limited broader moves, keeping USDJPY sensitive to shifts in intervention risk and monetary policy expectations.
The yen recently surged to a three-month high, supported by comments from Donald Trump that helped bolster the currency. However, the yen then weakened slightly, with analysts attributing the move to a likely technical correction after the sharp advance. These shifts in yen sentiment are the primary driver of USD/JPY movement.
The yen recently hit a three-month high after comments from former President Trump helped support the currency, while a subsequent headline points to a slight weakening on a likely technical correction. Other headlines indicate the yen is holding gains amid broader currency moves, with the dollar facing pressure from diplomatic news and oil price declines. These factors are keeping USD/JPY in focus as traders weigh yen strength against technical pullbacks.
The yen recently hit a three-month high against the dollar, supported by U.S. intervention and Trump's comments, though investors remain skeptical about the currency's sustained strength. A slight technical correction has seen the yen weaken marginally, but it retains its gains. This matters for USDJPY as it navigates the impact of official intervention and shifting market sentiment.
Headlines (27)
- Dollar Hit by Intervention Despite Bullish Macro Factors. Correction or Reversal?www.actionforex.com · Aug 1, 12:53 UTC
- CFTC Report: Bearish FX extremes deepen as cross-asset signals divergewww.fxstreet.com · Aug 1, 14:57 UTC
- Monday open indicative forex prices, 03 August 2026investinglive.com · Aug 2, 19:51 UTC
- Trump frames yen intervention as financially beneficial to USinvestinglive.com · Aug 2, 22:06 UTC
- Bessent, Japan confirm Friday's joint yen intervention, vow further actioninvestinglive.com · Aug 2, 23:16 UTC
- Yen Weakens Slightly on Likely Technical Correctionwww.wsj.com · 00:05 UTC
- Japan's Mimura says joint yen action culmination of currency allianceinvestinglive.com · 00:26 UTC
- Dollar suddenly falls against yen, traders on alert for further interventionwww.investing.com · 00:45 UTC
- Yen extends rally on prospects of further U.S.-Japan FX interventionwww.investing.com · 01:56 UTC
- Australian Dollar languishes near April low as joint US-Japan intervention lifts Yenwww.fxstreet.com · 02:10 UTC
- Australian Dollar remains stronger following China’s RatingDog Manufacturing PMI datawww.fxstreet.com · 02:21 UTC
- USD/JPY holds lower to start the week as US enters the intervention frayinvestinglive.com · 04:31 UTC
- EUR/JPY Price Forecast: Breaks below 179.50 as bearish bias prevailswww.fxstreet.com · 05:11 UTC
- Forex Today: Mood improves as US and Iran renew push for diplomatic solutionwww.fxstreet.com · 06:57 UTC
- Swiss Franc declines against US Dollar amid hawkish Fed betswww.fxstreet.com · 07:07 UTC
- US Dollar Index: Fed hike expectations support DXY – INGwww.fxstreet.com · 07:22 UTC
- Stock Market Today: Return to Diplomacy Brings Reprieve for Oil Priceswww.wsj.com · 08:01 UTC
- Yen hits three-month high after Trump helps prop up currencywww.theguardian.com · 08:06 UTC
- Sterling today: Pound slips as dollar holds ground despite joint yen interventionwww.investing.com · 08:14 UTC
- Euro: Fed uncertainty limits gains against US Dollar – INGwww.fxstreet.com · 08:32 UTC
- Swiss Franc weakens following soft inflation, manufacturing datawww.fxstreet.com · 09:14 UTC
- British Pound eases to 1.3450 area following downwardly revised Manufacturing PMI datawww.fxstreet.com · 09:53 UTC
- WH NEC Kevin Hassett: US inflation numbers have been fantasticinvestinglive.com · 12:42 UTC
- USD/CHF Price Forecast: Technical outlook stays constructive above 0.8000www.fxstreet.com · 15:31 UTC
- Forex Today: Oil collapses on Iran talks, Yen holds gainswww.fxstreet.com · 20:43 UTC
- Investors Remain Skeptical About the Yen After U.S. Interventionwww.wsj.com · 21:09 UTC
- Australian Dollar slides to 0.70 as US ISM PMI, revives the US Dollarwww.fxstreet.com · 22:31 UTC
Scheduled events
As of 23:44 UTC
- 2026-08-03 — Final Manufacturing PMI · forecast 54.7 · JPY
- 2026-08-03 — Final Manufacturing PMI · forecast 53.8 · USD
- 2026-08-03 — ISM Manufacturing PMI · forecast 54.0 · USD
- 2026-08-03 — Construction Spending m/m · forecast 0.2% · USD
- 2026-08-03 — ISM Manufacturing Prices · forecast 70.0 · USD
- 2026-08-03 — Omdia Total Vehicle Sales · forecast 16.3M · USD
- 2026-08-03 — Loan Officer Survey · USD
- 2026-08-03 — Monetary Base y/y · forecast -13.0% · JPY
Not investment advice. For informational purposes only.