Yen Bears Struggle as Speculators Buy Every Dip. Forecast as of 10.08.2026

Speculators are quick to buy the dips in the USD/JPY pair at the slightest opportunity. It makes little difference what triggers the decline—whether it's currency intervention or a weaker US dollar following disappointing employment data. Let's take a closer look at the factors driving the pair and develop a trading plan. Major Takeaways Automakers' hedging activity will weigh on the yen. The carry trade continues to favor the USD/JPY. Japanese households remain cautious. Pullbacks pr