The price of Nvidia is stretching toward its all-time high despite a down day for the broader US stock indices. Shares are currently up $2.70, or 1.12%, at $231.00. The intraday high reached $234.76, putting the stock less than $2 from its record high of $236.54.Technically, the combination of the nearby all-time high and broader market weakness has helped put a temporary lid on the rally.
Source: Finnhub
The US dollar index held firm after President Trump publicly demanded the Federal Reserve lower interest rates, tying his call to the August employment report that showed 162,000 jobs added, beating consensus estimates. Trump escalated the rhetoric by threatening to halt trade with countries running trade surpluses against the United States, injecting a fresh geopolitical premium into currency markets. The combination of a firmer labour market and political interference in monetary policy leaves USD pairs conflicted: stronger payrolls argue against near-term Fed easing and support the greenback, while overt White House pressure on the central bank raises questions over Fed independence and the long-term dollar risk premium. EUR/USD and GBP/USD saw two-way flow, while USD/JPY remained pinned near the closely watched 155.00 area. Traders should monitor Fed speakers for pushback on political pressure, as any signal of accommodation would be dollar-negative. Trade-sensitive currencies such as EUR, JPY, CAD and MXN carry additional headline risk if tariff threats are formalised into policy.
EURUSD
USDJPY
GBPUSD
USDCAD
USDMXN
Sentiment:
Neutral
Source: Finnhub
The US dollar strengthened broadly on Friday after August non-farm payrolls came in above consensus at 162,000, jolting global markets and forcing an abrupt repricing of Federal Reserve expectations. Rate futures had cooled earlier in the week following dovish commentary from a Fed official, but the upside labour surprise pushed markets back toward pricing tighter-for-longer policy, lifting front-end Treasury yields and pressuring risk assets. EUR/USD and GBP/USD slipped as the yield differential widened in the dollar's favour, while USD/JPY firmed off the pivotal 155.00 support zone. Commodity currencies including AUD/USD and NZD/USD underperformed as equity futures turned lower and risk sentiment deteriorated. For the dollar index, near-term resistance sits at the week's highs, with support defined by the pre-payrolls consolidation range. Traders should note that a resilient labour market reduces the urgency for policy easing, keeping the dollar supported into upcoming CPI data. Positioning risk remains two-sided given conflicting signals from recent Fed rhetoric.
EURUSD
GBPUSD
USDJPY
AUDUSD
NZDUSD
Sentiment:
Positive
Source: Marketaux
Major currency pairs traded in narrow ranges through the European session on Thursday as markets consolidated ahead of the US non-farm payrolls release, with no first-tier data or headlines to drive direction. EUR/USD drifted sideways after Eurozone retail sales fell in July, pointing to softening consumer spending and reinforcing the case for a cautious European Central Bank. USD/JPY was the session's focal point, bouncing near the major 155.00 support area, a level that has repeatedly attracted buyers and now defines the short-term structure: a sustained break below would open the door to deeper yen strength, while a hold could set up a retest of recent highs. FX option expiries for the 10am New York cut added to the pinning effect around key strikes. Interest rate expectations shifted only modestly across the week, leaving positioning light into the payrolls print. Traders should expect volatility to expand sharply on the data release, with liquidity thin in the run-up and range breakouts prone to false signals.
EURUSD
USDJPY
Sentiment:
Neutral
Source: Finnhub
Implied volatility on USD/JPY has surged to its highest level in the current cycle as the cost of hedging Japanese yen exposure spikes ahead of the Bank of Japan's policy decision. Options markets are pricing an outsized move in the pair, reflecting genuine uncertainty over whether the BOJ will deliver hawkish forward guidance on further normalisation or maintain a cautious stance. The yen's recent strength has already pushed USD/JPY toward the technically significant 155.00 handle, which now serves as the primary support pivot; a decisive break would expose lower levels and confirm a broader yen recovery, while a hawkish disappointment could trigger a sharp short-covering rally in the dollar. Risk reversals have skewed toward yen calls, indicating demand for downside protection in USD/JPY. Traders should be aware that elevated premiums make long-volatility strategies expensive, and post-decision volatility crush is a material risk. Cross-yen pairs including EUR/JPY and GBP/JPY are similarly exposed to the announcement.
USDJPY
EURJPY
GBPJPY
Sentiment:
Negative
Source: Marketaux
Ahead of the US Non-Farm Payrolls release, the distribution of analyst forecasts has become a central focus for dollar traders, with the spread between the highest and lowest estimates determining the scale of any surprise-driven repricing. The consensus figure anchors positioning, but the tails of the forecast range matter most: a print landing outside the cluster of estimates typically produces the sharpest moves in USD pairs, as algorithmic and discretionary flows react simultaneously. Traders monitoring EUR/USD, USD/JPY and GBP/USD should note that a firm beat above the top of the range would support Federal Reserve rate expectations and lift the dollar, while a miss below the lowest forecast would reinforce easing bets and pressure the greenback. Accompanying components such as the unemployment rate and average hourly earnings can amplify or offset the headline reaction. Liquidity thins in the minutes surrounding the release, widening spreads and increasing slippage risk. Positioning ahead of the data, and defining stop levels in advance, remains the practical takeaway for short-term traders.
EURUSD
USDJPY
GBPUSD
Sentiment:
Neutral
Source: Finnhub
EUR/USD is expected to trade in a contained range during the European session, with only second-tier data on the calendar. German factory orders and Eurozone retail sales headline the docket, but neither release carries sufficient weight to shift European Central Bank policy expectations, suggesting a muted reaction across euro crosses including EUR/USD, EUR/GBP and EUR/JPY. The ECB is widely expected to raise interest rates at its upcoming meeting, though policymakers are anticipated to accompany the move with signals of reduced appetite for further tightening. That combination — a hike paired with dovish forward guidance — limits the upside for the single currency, as markets have already priced the near-term path. Retail sales figures offer a read on eurozone consumer resilience, while factory orders provide an early indicator of German industrial momentum. With European flows subdued, direction for EUR/USD is likely to be dictated by the US session and dollar-side catalysts. Traders should expect range-bound conditions until higher-tier US data provides a clearer directional trigger.
EURUSD
EURGBP
EURJPY
Sentiment:
Neutral
Source: Finnhub
JPMorgan strategists, including Junya Tanase, have flagged 155.00 as a pivotal threshold for USD/JPY, warning that a decisive break below the level could trigger a rapid acceleration in yen strength. The bank's view rests on the concentration of positioning and hedging activity around the figure: a sustained move under 155 would likely force short-yen positions to unwind, while options-related flows could magnify the initial move rather than dampen it. USD/JPY has already been under pressure in recent sessions, leaving the pair testing the lower boundary of its recent range. For traders, 155.00 represents both a psychological and structural line in the sand, with a confirmed breakdown opening scope toward lower support zones and a defence of the level potentially prompting a corrective rebound. Broader drivers remain the Federal Reserve–Bank of Japan policy divergence and shifting US rate expectations, with any softening in US yields adding to downside pressure. Yen crosses such as EUR/JPY and GBP/JPY would likely follow USD/JPY lower in a break scenario.
USDJPY
EURJPY
GBPJPY
Sentiment:
Very Negative
Source: Marketaux
USD/JPY declined sharply on 3 September 2026, approaching the critical 155.00 handle for what would mark a third attempt to break below the level. The renewed downside has been accompanied by a notable pickup in yen options activity, a signal that institutional participants are positioning for a directional resolution rather than continued range trade. Elevated demand for yen calls typically reflects hedging against an accelerated appreciation, and dealer hedging flows around large strikes can amplify moves once a barrier level gives way. Twice-rejected support tends to weaken with each retest, raising the probability that a third approach produces a genuine breakdown. Immediate support sits at 155.00, with a sustained close beneath it exposing lower levels, while resistance now caps rebounds near recent session highs. Drivers include softer US dollar sentiment and shifting expectations around Federal Reserve and Bank of Japan policy paths. Traders should watch for confirmation on a daily close basis, as false breaks around heavily defended options strikes remain a recurring feature of USD/JPY price action.
USDJPY
Sentiment:
Very Negative
Source: Marketaux
