This Week's Market - June 9, 2026 (Tuesday)
USD/JPY continues to hold firm amid ongoing uncertainty surrounding the conflict between Iran, the US, and Israel. However, upside momentum remains capped as intervention concerns weigh near the 160 yen level.
Last week's significant improvement in US employment data, combined with receding expectations for Fed rate cuts and growing speculation of rate hikes, triggered a sharp pullback in both US and Japanese equities. Stock market movements will also be worth watching closely this week.
For USD/JPY, if the 159.60 support level breaks, the strategy would be to build positions in anticipation of intervention. On the other hand, if the decline stalls around 159.80, a short-term long position targeting just below 161.00 could also be considered.
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