This Week's Market — Tuesday, September 8, 2026
This Week's Market — Tuesday, September 8, 2026
With North American markets closed yesterday and liquidity thin, USD/JPY saw corrective selling that pushed it through the 154 level and down into the 153 range.
Today's US economic calendar is light, with attention likely to focus on the US Treasury's 3-year note auction and July consumer credit (forecast: $11.65 billion).
The key focus this week is the increase in the cap on the US Treasury's bond buyback program, which begins tomorrow. This increase is said to be aimed both at securing market liquidity and at tightening the supply-demand balance to help push down yields on long- and super-long-term Treasuries. As a result, gold and equities are expected to rise, and USD/JPY is expected to lean toward yen strength — though opinions are divided on whether this effect will prove lasting or merely temporary.
Technically, USD/JPY has turned into a downtrend, so as long as it doesn't break back above the former support line at 155.20, we believe it's reasonable to actively look for selling opportunities.
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