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Japan disclosed that it spent a record ¥7.98 trillion supporting the yen on July 30, with additional intervention on July 31 and August 3. MUFG expects the dollar to trade between 156 and 159 yen this week, saying the recent highs above 158.50 may be difficult to break.
The disclosed intervention and expectations of a possible December rate hike support the yen against the dollar. That points to downside pressure on USD/JPY, though the forecast still allows trading near recent highs.
exchangerates.org.ukDave TaylorNov 9, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
