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Nonfarm Payrolls sent the dollar sharply lower: gold is surging towards 4,200 USD Gold continues to strengthen after the release of US employment data. XAUUSD quotes are testing the 4,180 USD level. XAUUSD forecast: key takeaways Nonfarm Payrolls: previously at 129 thousand, currently at 57 thousand The US unemployment rate fell from 4.3% to 4.2% The likelihood of a Federal Reserve rate hike at the July meeting dropped to 18% Fundamental analysis The XAUUSD price forecast for today, 3 July 2026, shows that gold continues its confident recovery, testing the 4,180 USD mark. The rally began following the release of weak US labour market data, which radically changed expectations for the Federal Reserve’s monetary policy. On Thursday, the US June Nonfarm Payrolls report was published and became a real shock to the market. The previous reading was 129 thousand, the forecast stood at 114 thousand, and the actual figure stunned the market by coming in at 57 thousand. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Date: 3rd July 2026. Stocks Rebound, Dollar Falls, Gold Gains and USDJPY Stays Volatile. Global markets traded with a stronger tone on Friday as stocks recovered from the recent technology-led selloff. Investor sentiment improved after concerns eased that the artificial intelligence rally had moved too far too quickly. The recovery was visible across major regions. European equities continued to trade near record highs, Asian markets rebounded sharply, and US stock futures moved higher despite US cash markets being closed for the public holiday. At the same time, the US Dollar weakened further, helping Gold extend its gains and giving traders a more supportive backdrop across risk assets. For traders, today’s market analysis points to a short-term improvement in sentiment. However, the recovery still depends on upcoming earnings, Federal Reserve expectations, currency intervention risks and geopolitical developments. Stock Market Today: Global Equities Recover After Tech-Led Selloff The stock market today showed signs of stabilisation after recent pressure on technology and semiconductor shares. The rebound was led by stronger performance in Asia, where South Korea’s Kospi recovered sharply after the previous decline in chip-related stocks. In Europe, the Stoxx 600 moved higher and remained close to record levels, supported by gains in mining and utility stocks. US futures also advanced, with Nasdaq 100 futures outperforming as investors returned to technology-related exposure. The key question now is whether the artificial intelligence trade still has enough support to continue driving markets higher. After a strong second-quarter rally, investors will use the next earnings season to judge whether AI investment is producing real revenue growth, stronger margins and positive guidance. AI Stocks Remain in Focus Ahead of Earnings Season AI stocks remain one of the most important themes for global traders. The recent selloff showed that valuations are being questioned, especially in companies linked to semiconductors, memory chips and AI infrastructure. However, the rebound suggests that investors are not leaving the AI theme completely. Instead, the market appears to be becoming more selective. Traders may now focus less on hype and more on earnings quality, profitability and forward guidance. If major technology companies deliver strong results, the AI rally could regain momentum. If earnings disappoint, volatility may return quickly, especially in highly valued tech shares. US Dollar Forecast: Dollar Heads for Weakest Week Since April The US Dollar remained under pressure and was heading for its weakest weekly performance since April. The move followed softer-than-expected US jobs data, which reduced expectations of an imminent Federal Reserve interest rate hike. A weaker US Dollar can support commodities, equities and some emerging market assets. It can also reduce pressure on currencies that have been struggling against the Dollar, including the Japanese Yen. For traders, the US Dollar forecast remains closely linked to upcoming US data. Stronger inflation or employment figures could revive rate hike expectations, while weaker data may extend Dollar weakness. Gold Price Today: Gold Extends Gains as Rate Expectations Ease Gold rose for a third consecutive session, trading around $4,170 per ounce. The Gold price today was supported by a weaker US Dollar and lower expectations for higher US interest rates. Gold often performs better when rate expectations decline because the metal does not offer yield. When the Dollar weakens and Treasury yields soften, Gold can become more attractive to traders and investors. The short-term outlook for Gold will likely depend on three main factors: US Dollar direction, Federal Reserve expectations and upcoming economic data. If the Dollar continues to weaken, Gold may remain supported. However, stronger US data could limit further gains. USDJPY Analysis: Japan Keeps Intervention Risk Alive USDJPY remains one of the most closely watched currency pairs. The Japanese Yen recovered slightly after touching a 40-year low earlier in the week, while Japanese officials continued to warn that they are ready to respond if needed. Japan’s Finance Minister said authorities remain in close contact with the US on foreign exchange issues. This kept intervention risk alive and made traders more cautious around USDJPY at elevated levels. The Yen’s weakness has become a major issue for Japan because it increases the cost of imported energy, raw materials and goods. This adds pressure on households and businesses and makes the policy outlook more complicated. For traders, USDJPY may remain highly sensitive to official comments, Bank of Japan expectations, Japanese bond yields and US Dollar movement. Any sign of direct intervention could trigger sharp short-term volatility. Brent Crude Oil Holds Near $72 as Supply Concerns Ease Brent crude oil traded near $72 per barrel as markets assessed supply flows and geopolitical risk. Increased tanker traffic through the Strait of Hormuz helped ease immediate supply concerns, while ongoing US-Iran talks kept traders cautious. Oil prices remain exposed to sudden headline risk. Any disruption around the Strait of Hormuz or escalation in the Middle East could quickly support crude prices. However, if supply conditions continue to improve, upside momentum may remain limited. For oil traders, the main focus remains on geopolitical headlines, tanker activity, supply expectations and demand signals from major economies. EU-US Trade Hits Record, but Sector Risks Remain EU-US goods trade reached a record €875 billion last year, showing that transatlantic trade remains strong despite tariff tensions. However, the headline figure does not tell the full story. European automotive exports to the US declined sharply, showing that tariffs are still hurting key sectors. At the same time, pharmaceutical and chemical exports helped support overall trade figures, especially from countries with strong exposure to those industries. This creates a more selective environment for equity traders. Strong trade numbers may support broader sentiment, but sector-level pressure remains important. Automotive stocks could remain vulnerable, while pharmaceutical and chemical exporters may continue to show resilience. Market Outlook: What Traders Should Watch Next Today’s market analysis shows a clear improvement in risk sentiment. Stocks are rebounding, the US Dollar is weakening, Gold is rising and Oil remains steady. However, traders should avoid assuming that volatility has fully disappeared. The main market drivers to watch are: Technology earnings and AI stock valuations US Dollar performance after softer jobs data Federal Reserve interest rate expectations Gold’s reaction to yields and Dollar movement USDJPY intervention risk near historic levels Brent crude oil sensitivity to Middle East headlines Sector pressure from EU-US tariff tensions Overall, markets are showing a more constructive tone after the recent tech-led correction. Still, the next major move will likely depend on earnings results, central bank expectations and geopolitical developments. Traders should remain selective, manage risk carefully and avoid overexposure ahead of key market catalysts. Key Takeaways for Traders Global stocks recovered as concerns over the AI-led rally eased. The US Dollar weakened after softer jobs data reduced expectations for a near-term Federal Reserve rate hike. Gold extended gains as lower rate expectations supported demand for the metal. USDJPY remained volatile as Japan kept the possibility of currency intervention in focus. Brent crude oil stayed near $72 as supply concerns eased but geopolitical risks remained present. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Dogecoin maintains upward momentum thanks to network development DOGEUSD is strengthening its position thanks to the development of its own ecosystem, but the outflow of institutional capital is limiting further growth. Technical outlook The Dogecoin price is rising, but quotes remain below the EMA-65, indicating continued selling pressure. Today’s forecast for Dogecoin suggests the completion of the current bullish correction, followed by a renewed decline towards 0.06550. The Dogecoin price forecast suggests the completion of the current bullish correction, followed by a decline towards 0.06550. Read more - DOGEUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

https://mega.nz/file/CVYRwS4Q#TKBdEcAvXfFSBwfRNGh41_kouEAwGAgRv7enXOQ4tO4 26 Jun 2026 Terra updater

JP 225 forecast: the index enters a sideways trend The JP 225 stock index entered a sideways trend, although the uptrend remains intact. The JP 225 forecast for today is positive. JP 225 forecast: key takeaways Recent data: Japan’s Tokyo core CPI rose by 1.60% Market impact: the impact on the Japanese stock market is mixed Fundamental analysis Tokyo core CPI data may have a moderately dampening effect on the JP 225. The actual reading was 1.6% year-on-year, fully matching the forecast, so the publication itself should not trigger a strong negative reaction. However, the increase from the previous 1.3% to 1.6% indicates accelerating inflationary pressures. For the JP 225 index, this is a neutral-to-negative signal. On the one hand, inflation remains below the 2% level, so the data does not strengthen the case for sharp policy tightening. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Solana is on the verge of a major shake-up SOLUSD continues its upward trajectory today after a correction, with the price currently at 77.75. Technical outlook On the H4 chart, SOLUSD formed a Shooting Star reversal pattern near the upper Bollinger Band. At this stage, quotes may form a corrective wave following this signal, with the pullback target at the 75.50 support level. Large players continue to support Solana, thereby driving further growth. Read more - SOLUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Date: 2nd July 2026. Currency Review: Focus on NFP & Rate Guidance. The market turns its attention to the release of the US employment data (NFP Change). The Bureau of Labor Statistics will release the NFP Employment Change earlier than usual due to tomorrow’s US bank holiday. The US Dollar saw a strong decline during yesterday’s Federal Reserve Chairman’s press conference as his statements seemed more balanced. However, the currency corrected 65% thereafter. The upcoming price movement is strongly dependent on the employment change and unemployment rate. The Euro comes under pressure from investor expectations turning dovish on interest rates adjustments. One of the key reasons for decline was dovish comments from ECB officials and lower European inflation. The Euro fell 0.49% against the British Pound which was one of the best performing currencies of the day. The Great British Pound is finding support from a lower risk appetite in the UK due to political instability but also from expectations of a rate cut from the Bank of England. The US Dollar: NFP To Confirm July’s Rate Decision The first press conference by Kevin Warsh was considerably hawkish, speaking solely about inflation and the 2% target. Yesterday’s press conference was more balanced as the Chairman admitted inflationary pressures have quickly come down. Nonetheless, the market still sees 2 rate hikes as a possibility. Economists also note that Mr Warsh is not willing to provide forward guidance so his comments can be easily misinterpreted. In addition to that, investors also point to the fact that the chairman did advise “prices are too high and we will deliver price stability”. Price stability under the current market conditions largely depend on supply rather than demand. Nonetheless, strong employment allows more leeway for the Fed to apply a more hawkish policy. Markets expect the NFP Employment Change to fall from 172,000 to 115,000, slightly below the 6-month average. In addition to this, analysts expect the unemployment rate to remain 4.3% and average earnings to rise 0.3%. If the employment data is stronger than expectations, a rate hike for July will almost be certain. Currently, 70% of traders believe the Fed will not hike this month, but if the US shows strong employment growth, expectations for a pause will significantly fall. If the employment data beats analyst’s expectations, the US Dollar is likely to attempt a correction back up to yesterday’s highs. If the data reads as per expectations, the price potentially can remain within range bound conditions between 100.80 and 101.20. If the data is weaker, the price of the Dollar is likely to significantly fall back to 100.00. However, this depends on how weak the data is. The Euro: Lower Inflation and Dovish ECB Comments Pressure The Euro The Euro is coming under pressure from markets suddenly believing the European Central Bank may not hike again in 2026. According to ECB President Christine Lagarde, the risks are more broadly balanced than before. The governor of the bank of Greece told journalists that there is no need for a rate hike. Furthermore, the Governor of the Belgium Central Bank who is normally known to be a hawk also indicated “no rate hikes are needed”. Adding to the dovish outlook is the European Flash Consumer Price Index which is used to calculate inflation. The flash inflation estimates made public yesterday morning read significantly lower than the previous month and fell below expectations. The Core CPI Flash Estimate fell from 2.5% to 2.4% and the Core figures fell from 3.2% to 2.8%. This data along with the dovish comments applied pressure on the Euro. HFM - EURUSD 30-Minutes The British Pound: Markets Expect Rate Hike Later In the Year The outlook for the British Pound has not necessarily changed in the past 24 hours but is finding support from the dovishness of the ECB. The GBP is currently the second best performing currency of the day just behind the JPY. However, most currencies will decline if the US employment data reads significantly higher than the current predictions. Markets are not expecting an immediate Bank of England rate hike, although the risk of a hike later this year has increased. The BoE’s current Bank Rate stands at 3.75%, with the next decision due on 30 July. At the previous meeting, the committee voted 7-2 to hold rates, but two members supported a 25 bps hike to 4.00%, showing that some policymakers remain concerned about inflation pressure. The base case among markets and economists is still for the BoE to keep rates unchanged for now, but there is a meaningful chance of a rate hike later in 2026 if energy prices, inflation, or wage pressures rise again. GBPUSD 30-Minute Chart Key Takeaways: US NFP data is the main market focus, with the report due to be released earlier due to tomorrow’s US bank holiday. The US Dollar recovered part of its post-Fed decline, but its next move depends heavily on NFP, unemployment and wage growth. Stronger-than-expected jobs data could increase Fed hike expectations, while weaker data may pressure the Dollar lower. The Euro is under pressure as lower inflation and dovish ECB comments reduce expectations for further rate hikes. The British Pound is finding support, helped by Euro weakness and rising expectations that the BoE may hike later in 2026. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

US 30 index forecast: the index hits a new all-time high The US 30 index reached a new all-time high, but failed to consolidate above the resistance level. The US 30 forecast for today is positive. US 30 forecast: key takeaways Recent data: US GDP grew by 2.1% in Q1 2026 Market impact: the data has a positive impact on the stock market Fundamental analysis The quarterly US GDP data looks positive for the US 30 index, as actual economic growth reached 2.1%, above the forecast of 1.6% and the previous reading of 0.5%. This result shows that the US economy is more resilient than the market expected. For the US 30 index, this may act as a supportive factor. For the US 30 index, this news may generally be viewed positively, as stronger economic growth typically improves expectations for corporate revenue and earnings. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

GBPUSD is trapped by politics and the dollar’s reputation The GBPUSD pair retreated to 1.3233, with political uncertainty weighing on the pound. Technical outlook On the H4 chart, the GBPUSD pair is experiencing a corrective recovery after falling sharply in the second half of June. The pair managed to move away from the local low around 1.3141 and rise to the 1.3230–1.3250 area, but it remains below the key resistance level at 1.3277. The GBPUSD pair is entering a consolidation range due to mixed political signals and a strong outlook for the US dollar. Read more - GBPUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Date: 1st July 2026. Strong Jobs Data Supports Fed Outlook as Yen Shows Oversold Signals. The US Dollar declines despite the US JOLTS Job Vacancies beating expectations for a sixth consecutive month. Job openings in the US for May read 7.59 million, significantly higher than the previous expectations (7.28 million). Nonetheless, the US Dollar Index is back on the rise during this morning session. Investors will now turn their attention to Kevin Wash’s speech this afternoon at the ECB Forum in Portugal. US Dollar Attempting To Find Support From Strong Employment Data US economic data painted a positive picture for the employment sector, with job openings coming in strong. However, the US Dollar Index saw a sharp decline. This was partially due to the Consumer Confidence falling to 91.2 due to inflation fears. However, this can only have a short-term effect on the currency. Lower confidence due to inflation also prompts the Fed to take a harsher stance on monetary policy. As a result, the longer-term impact remains positive for the Dollar. The US Dollar is the best performing index of the day so far, followed by the Japanese Yen and CAD. The upward price movement is a delayed impact of yesterday’s positive employment data. Indications against most currencies point towards upward price movement, except against the Japanese Yen. However, this will depend on this afternoon’s Chairman speech and ADP Employment Change. Analysts expect the ADP Employment Change to read 118,000, very similar to the previous month. The predictions are higher than the 6-month average, which is 69,000. Therefore, if the report reads as expected or higher, the US Dollar can find support. The ISM will also release the Manufacturing Price Index, which can trigger volatility. If the index reads above 53.8, the US Dollar may experience further support. Lastly, investors expect the Fed Chairman to provide little in terms of views and forward guidance. However, his tone and the topic he concentrates on will impact how the market expects the interest rates path to unfold. If the chairman concentrates on inflation and rate hikes, the Dollar can again rise. In the past hour, the US Dollar is particularly seeing strong price movement against the Euro, Pound, Swiss Franc and Canadian Dollar. Japanese Yen Oversold The USDJPY has now risen close to 163.000 after increasing 0.55% over the past 24-hours. However, investors are now considering whether the index is oversold. Previously, major banks advised that any price above 160.000 is at risk of intervention and major resistance levels. The price is now far above this level, and officials from the government and central bank advising above 163.000 is a key concern for them. Analysts are also advising the Japanese Yen may be oversold as inflation remains healthy, wages are on the rise and the Bank of Japan is increasing rates gradually. Economists also advise that the NIKKEI 225’s performance as the best-performing index of the year is also a good indication regarding the health of the economy. HFM - USDJPY 30-Minute Chart The USDJPY is trading above its intrinsic value according to technical analysis. On the 1-hour time frame, the chart is showing clear signs of divergence on the RSI. On the daily timeframe, the RSI is again indicating the price is overbought as the RSI trades above the 75.00 level (18 period). If the USDJPY witnesses a significant decline, the psychological price at 160.00 will be key. A short-term target can be seen at the support level at 162.465. However, a concern for traders shorting the USDJPY will be strong employment data from the US or hawkish Fed comments. Also providing interesting price action are the EURJPY and AUDJPY. Both the Euro and Australian Dollar have seen strong price movement against the Japanese Yen in the past few days. However, the price is now quickly correcting in the opposite direction. Key Takeaways: The US Dollar initially declined despite strong JOLTS data. Job openings beat expectations for the sixth consecutive month at 7.59 million. The Dollar is now attempting to recover, supported by the delayed impact of strong employment data. The Dollar is witnessing bullish price movement against most currencies except against the Yen. ADP Employment Change and ISM Manufacturing Prices are key risks, as stronger-than-expected readings could provide further support for the US Dollar. USD/JPY may be overbought near 163.00. Intervention risk is increasing, and technical indicators suggest the Japanese Yen may be oversold. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Ethereum (ETHUSD) will resume growth after a pause for profit-taking The Ethereum (ETHUSD) price paused near 1,585 USD, with the market caught up in profit-taking. Technical outlook On the Ethereum (ETHUSD) H1 chart, following a sharp upward momentum to the 1,625 area, the price entered a correction phase and pulled back to the 1,585–1,590 range. Quotes are now consolidating near the middle Bollinger Band, indicating a temporary balance between buyers and sellers after the spike in volatility. The Ethereum price declined, driven by quarterly profit-taking, and then paused. Read more - ETHUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Brent decline or a fresh surge? The market awaits the US-Iran verdict The oil market has frozen in anticipation of the outcome of US-Iran negotiations, with prices hovering around 73.30. Brent forecast: key takeaways Brent is forming a correction after the decline The talks in Doha are the main event of the day Tanker companies are gradually resuming passage through the strait Fundamental analysis The Brent forecast for 30 June 2026 shows that prices are forming a corrective wave after the decline. The market is frozen in tense anticipation of the upcoming US-Iran talks. On the one hand, investors are hoping for diplomatic progress, while on the other, actual supplies through the Strait of Hormuz are still far from returning to normal. The talks in Doha are in the spotlight today. Investors are pricing in a positive outcome of the meeting, even though the strait has not yet been reopened. Despite the remaining risks, tanker companies are gradually resuming passage through the strait. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Date: 30th June 2026. Yen Hits 1986 Low as Nikkei 225 Reacts to Currency Pressure. The Japanese Yen has fallen to its lowest level against the US Dollar since 1986 and is now the worst-performing currency of 2026. The decline is due to the lack of indications from the Bank of Japan reassuring investors of higher interest rates. In addition to this, the US Dollar is increasing against all currencies as investors price in 2 rate adjustments for 2026. Japanese Yen Weakness The Japanese Yen has been struggling in 2026. This particularly includes during the US-Iran conflict and since the new Federal Reserve Chairman took office. At times, the increase was largely driven by the safe haven status of the Dollar and inflation. However, the Dollar is now witnessing strong gains due to rate hike expectations. In addition to this, the European Central Bank has already adjusted interest rates, and the Bank of England is likely to follow. For this reason, the Japanese Yen is becoming less and less attractive to investors. The interest rates in Japan cannot compete with other major economies and economists fear the Japanese government may struggle to pay its debt at such high bond yields. Furthermore, the Japanese 10-year government bond yield is currently trading at 2.675, more than double that seen in early 2025. Japan is also increasing its national debt, and its debt-to-GDP levels are higher than most major economies. This is again decreasing confidence in the government. Furthermore, the conflict involving the US, Israel and Iran has also increased pressure on the yen. Japan relies heavily on imported energy, with more than 95% of its oil imports coming from the Middle East, leaving it highly vulnerable to regional disruptions. The weaker yen is supporting exporter profits and helping push Japan’s stock market to record highs, but it is also driving up import costs, especially for Dollar-priced oil and gas, which could put pressure on Prime Minister Sanae Takaichi’s government. In response, Japanese authorities may step up verbal warnings or proceed with direct intervention, having already spent a record ¥11.73 trillion between April 28 and May 27 to support the currency. NIKKEI 225 - Lower Yen Supports Demand For Japanese Stocks The NIKKEI 225 is witnessing both up and down impulse waves as market participants are evaluating the effect of currency fluctuations on the economy. The weaker Japanese Yen is positive for the NIKKEI 225. However, investors are concerned about the domino effect the weak currency can have on the economy. The weaker JPY can result in higher inflation, which can prompt more interest rate hikes. If the Bank of Japan indicates multiple rate hikes, the NIKKEI 225 can come under renewed pressure. HFM - USDJPY 1-Hour Chart The price of the index moved higher but failed to hold near the 70,700–70,730 area. On the 5-minute chart, that usually suggests buyers are still active, but short-term profit-taking has appeared near the highs. This also suggests investors are cautious about the Yen and holding onto longer-term positions. On the 1-hour chart, the price of the index is currently seeing a neutral indication from the RSI and the Moving Averages. However, the price is clearly witnessing a support level at 68,500. While the price remains above this level, the index maintains possible bullish scenarios. Nonetheless, the descending triangle pattern provides a slight bearish bias. If the price is to decline in the short-term, the first target traders potentially may focus on is slightly above the support level. USDJPY - The US Dollar Maintains Bullish Momentum The USDJPY is witnessing clear bullish indications from all momentum-based indicators on most timeframes. However, investors continue to expect the Japanese government will intervene to support the currency. The higher the USDJPY goes, the stronger the possibilities of the government taking harsher measures. For this reason, smaller timeframes are particularly important for technical analysis. This includes the 5-Minute and 15-Minute charts. Currently, the price maintains a bullish bias despite the price retracing down to 162.200. However, if the price falls below 162.30, bullish indications for the short-term will fade. HFM - USDJPY 15-Minute Chart For the US Dollar, the JOLTS Job Openings and CB Consumer Confidence releases in the afternoon will impact order flow. If the two releases read better than expectations, particularly the job openings, the US Dollar can continue to rise further. Job openings in the US have read higher than expectations over the past 4-months. Key Takeaways: The yen hit its weakest level since 1986 as low Japanese rates and US rate expectations weigh. A weaker Yen supports exporters and the Nikkei 225, but higher import costs are fuelling inflation concerns. Japan may increase intervention if Yen weakness continues, after spending a record ¥11.73 trillion earlier this year. USDJPY remains bullish, but intervention risk and key US data could quickly shift short-term momentum. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.