This Week's Market – Tuesday, September 1, 2026

This Week's Market – Tuesday, September 1, 2026

This week looks set to be an important one for gauging the direction of September monetary policy. At present, the September FOMC meeting is expected to leave the policy rate unchanged, while speculation has emerged that the Bank of Japan may raise rates by 0.25% at its meeting. This divergence in monetary policy between the U.S. and Japan could keep a lid on the upside for USD/JPY. Markets are also likely to remain wary of the possibility of a coordinated U.S.-Japan yen-buying intervention.

The biggest focus this week is likely to be the U.S. employment report due on September 4. Nonfarm payrolls for August are expected to show an increase of 60,000 jobs from the previous month. If the data confirms a labor market recovery, it could support the dollar, whereas a weaker-than-expected reading could further temper rate-hike expectations for the September FOMC. From a technical standpoint, the key point to watch will be whether price breaks below the daily uptrend line.

If it's helpful, I can also drop this into a plain text or Word file so it's ready to paste straight into your HP CMS — just let me know the format you need.