This Week's Market Strategy - March 4, 2026 (Wed)
Following the U.S. and Israel's attack on Iran, the Strait of Hormuz has entered a closed state, creating difficulties in crude oil supply. Driven by the rise in WTI futures prices, USD/JPY temporarily rose to near 158.
Today's U.S. economic indicators include the February ADP Employment Report for the United States.
We will continue to monitor the developments between Israel and Iran closely.
While the dollar is rising due to risk-off sentiment, USD/JPY has not risen as much. Dollar straight pairs like EUR/USD have clearer trends, so I think trading will be easier.
EUR/USD may see pullbacks once it breaks above 1.1626, and I am looking to sell around the 1.1680 resistance level.
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