Will USDJPY reach 200 without intervention?

USDJPY needs interventions and rate hikes.

Monetary policy divergence is pushing EURUSD lower.

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⚠️ USA — Non-Farm Employment Change at 03:00 GMT

✔️ Prev: 129K

🕒 Exp: 114K

🎯 Fact.: 57K 📉

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⚠️ USA — Unemployment Rate at 03:00 GMT

✔️ Prev: 4.3%

🕒 Exp: 4.3%

🎯 Fact.: 4.2% 📈

🇺🇸 US Pre-Market: Moderately Positive 📈

The US stock market is showing a moderately positive trend in pre-market trading, with gains by leading technology and cyclical companies outweighing isolated declines, setting a cautious risk-on tone.

In the Information Technology sector, NVIDIA (NVDA) is up 0.40%, Broadcom (AVGO) is up 0.81%, while Microsoft (MSFT) is down 0.49%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.61%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 1.17%, while Amazon (AMZN) is up 0.10%.

The predominance of gains among large-cap stocks indicates that risk appetite remains strong within the US; demand for the dollar as a safe-haven asset is limited, and in the short term, the dollar is likely to remain in a neutral range without sustained momentum in either direction.

Solana Wave Analysis – 2 July 2026

- Solana broke resistance zone

- Likely to rise to resistance level 0.8550

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Ethereum Wave Analysis – 2 July 2026

- Ethereum reversed from long-term support level 1500.00

- Likely to rise to resistance level 2000.00

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USDJPY Wave Analysis – 2 July 2026

USDJPY Wave Analysis – 2 July 2026

- USDJPY reversed from the long-term resistance level 162.0

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AUDUSD Wave Analysis – 2 July 2026

- AUDUSD reversed from support zone

- Likely to rise to resistance level 0.7000

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🗓 Economic Calendar at 2026/07/04 (GMT)

08:00 🇪🇺 Services PMI — Exp: 48.9 Actual: 49.4

08:00 🇪🇺 PMI Composite — Exp: 49.5 Actual: 50.0

08:00 🇪🇺 ECB President Christine Lagarde Speaks

15:00 🇬🇧 BOE Governor Andrew Bailey Speaks


[Updated in real time]

The crypto market is rebounding: BTC needs $67K to reverse course

The crypto market is continuing its recovery, which coincided with the start of the calendar month. Market capitalisation has reached $2.14T, up from a low of $2.02T at the start of 1 July. Buying is taking place across the board. Amongst the individual performers over the last 24 hours, the leaders were Uniswap (+13.1%), SushiSwap (+6.8%) and Cardano (+6.5%), while Hedera (-1.9%) and IOTA (-1.7%) lost ground. The crypto market is edging up from below its 200-week moving average. However, we stand by our view that a dip below, or even an approach to, this line reflects a bearish sentiment in the cryptocurrency market, which often lasts for weeks or months. On the other hand, we have not seen any significant historical falls below this curve, so it would be overly pessimistic, in our view, to expect a pullback to $1T, the starting point of the last bull market in 2023.

Bitcoin rose above $62K at one point on Thursday but retreated to $61.6K amid low trading activity due to the US weekend. On daily timeframes, the RSI has moved out of oversold territory and formed a bullish divergence with the price, indicating that selling momentum is waning and laying the groundwork for a rebound. However, it would only be reasonable to speak of a fundamental reversal of the downtrend if the price consolidates above the $67–68K range, where the local highs from June, the 50-day moving average and the 61.8% retracement level of the May–June decline are concentrated.

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The dollar: has the trend been broken?

The fall in the USD index could mark the beginning of the end.

Rumours of currency interventions sent USDJPY tumbling.

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▶️ Pro News Weekly: Gold Holds Firm Despite Fed Pressure

Welcome to Pro News Weekly!

💵 The U.S. dollar is retreating after weaker-than-expected employment and manufacturing data reduced expectations for additional Federal Reserve rate hikes in 2026. Markets are increasingly focusing on easing inflation, allowing major currencies to recover against the greenback.

📊 Stock indices are taking a breather after a strong rally as investors rotate away from technology shares toward more economically sensitive sectors. While concerns remain over AI valuations, elevated bond yields and geopolitical risks, seasonal trends continue to support Wall Street, with July historically one of the strongest months for the S&P 500.

🪙 Gold remains under pressure after its weakest quarter since 2013, but long-term sentiment is still improving. Central banks continue to increase their gold holdings, with many expecting prices to climb toward $5,000 to $6,000 per ounce over the next year despite recent volatility.

₿ Bitcoin has fallen to a 21-month low as record ETF outflows, changing strategy at major crypto investment firms and growing competition from tokenised assets weigh heavily on investor confidence. Markets are increasingly questioning whether institutional demand can recover anytime soon.

📊 With ISM Services PMI, the US trade balance, Canadian employment data, ECB meeting minutes and the Reserve Bank of New Zealand all due next week, could fresh economic data determine the next move for global markets?

🔔 Like, share, and subscribe for more weekly updates from FxPro!

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🗓 Economic Calendar at 2026/07/07 (GMT)

08:30 🇬🇧 Construction PMI — Exp: 40.1 Actual: 38.4

14:00 🇺🇸 ⚡️ ISM Services PMI — Exp: 54.2 Actual: 54.0


[Updated in real time]

Bitcoin returns to $63K: eight weeks of outflows from ETFs are weighing on

The crypto market capitalisation rose to $2.21T at the start of trading on Monday, but soon corrected to $2.18T, while still up by over 5% from the previous week's levels. Despite the positive momentum, the situation remains within the bounds of a corrective rebound, having failed to climb even above the region of previous local highs at $2.27T. Without consolidating above this level, the market remains in a downtrend characterised by a sequence of lower highs and lower lows.

The sentiment index has been rising by 1 point per day since 3 July, reaching 24 by the start of 6 July. Remaining in the ‘extreme fear’ zone, the index is now at its highest level in over a month, clearly reflecting the gloomy sentiment.

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The pound: politics comes to the rescue

The stabilisation of the political situation in Britain is driving the GBPUSD rally.

Traders are wondering: Were there currency interventions in Japan? Or is fear to blame?

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S&P 500: Rotation has put the brakes on the market

A rotation is taking place in the US stocks.

Seasonal factors and impressive earnings are supporting the S&P 500.

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🇺🇸 US Pre-Market: Mostly Positive 📈

Following the long weekend, the US stock market is seeing a predominantly positive yet selective trend in pre-market trading.

In the Information Technology sector, NVIDIA (NVDA) is up 0.28%, while Broadcom (AVGO) is up 4.12%.

In the Financials sector, JPMorgan Chase (JPM) is down 0.41%, while Bank of America (BAC) is down 0.01%.

In the Energy sector, Exxon Mobil (XOM) is down 0.44%, while Chevron (CVX) is down 0.44%.

The overall picture points to moderate risk-on sentiment: gains across several major technology names are supporting risk appetite, while mixed performance in the financial and energy sectors is tempering optimism. For the dollar, this creates a largely neutral short-term backdrop: interest in safe-haven dollar assets is not increasing, but there is no sign of significant pressure on the currency either.

⚠️ USA — ISM Services PMI at 03:00 GMT

✔️ Prev: 54.5

🕒 Exp: 54.2

🎯 Fact.: 54.0 📉

AUDJPY Wave Analysis – 6 July 2026

- AUDJPY reversed from support zone

- Likely to rise to next resistance level 113.40

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