The EURJPY pair resisted the negative pressure, ending the negative attempts by providing positive close above the extra support at 184.25, forming some bullish waves to settle near 185.00.
The contradiction of the main indicators will force the price to provide intraday mixed trading, to expect activating the bullish attempts if it settles above the mentioned support to target 185.50 level, reaching the barrier at 186.00, while the return to settle below the extra support will confirm the dominance of the negative scenario, forcing it to suffer several losses by reaching 183.55.
The expected trading range for today is between 184.25 and 185.45
The domestic coffee market in the morning trading session of June 9, 2026 recorded a return to increase after previous downward adjustment sessions.
According to survey data in key growing areas of the Central Highlands, bulk purchase prices simultaneously increased by 300 to 500 VND per kg compared to yesterday’s trading session, bringing the average price level of the whole region to 85,500 VND/kg.
Specifically, in Dak Lak and Gia Lai, the price both increased by 400 VND, currently trading at 85,500 VND/kg.
In Dak Nong (old), the purchase price increased by 300 VND, reaching the threshold of 85,600 VND/kg, continuing to be the locality with the highest price in the region. In Lam Dong, the price of raw coffee beans increased by 500 VND, reaching 85,000 VND/kg.
Along with coffee, pepper prices also increased by 500 VND, reaching 140,500 VND/kg, while the USD/VND exchange rate at Vietcombank slightly increased by 6 VND, reaching 26,098 VND/USD. This increase shows a slight recovery against supply and demand pressure from the world market.
World coffee prices
In the world market, the diễn biến of coffee prices in the nearest closing session continued to show a clear differentiation between the two main futures exchanges.
On the London exchange, Robusta futures for July 2026 delivery maintained a slight growth momentum when increasing by another 17 USD, equivalent to 0.51%, closing the session at 3,333 USD/ton.
Conversely, on the New York exchange, Arabica futures for July 2026 were under adjustment pressure, down 0.60 cents, equivalent to 0.24%, falling to 245.90 cents/lb.
Coffee price assessment
The pressure weighing on Arabica prices mainly comes from the harvesting activities taking place in Brazil, combined with the weakening of the Brazilian Real against the USD, creating momentum for farmers to boost sales.
However, the decline of world coffee is being significantly restrained by falling inventory data. Specifically, Arabica inventories on the ICE exchange have fallen to a 6-month low of 412,422 bags, while Robusta inventories remain at a low level, playing a role as a “base” to prevent prices from falling deeply.
The coffee market is currently in a state of stalemate between the record seasonal supply from Brazil (forecast at 71.9 million bags) and the real concern of grain shortage. In addition, risk factors such as the El Niño phenomenon, the closure of the Hormuz Strait causing global transport disruptions are still supporting price sentiment in the long term.
In the near future, coffee prices are likely to continue to fluctuate according to weather and currency exchange rates in Brazil.
The Pound to Dollar exchange rate (GBP/USD) fell to fresh three-week lows as a powerful combination of rising geopolitical tensions, weaker investor risk appetite and growing expectations of higher US interest rates boosted demand for the US Dollar.
With markets increasingly pricing in the possibility of Federal Reserve rate hikes later this year, Sterling remains under pressure despite showing signs of resilience around the key 1.3300 support level.
GBP/USD Forecasts: Slides to 3-Week Lows
The Pound to Dollar (GBP/USD) exchange rate dipped to 3-week lows just above 1.3300 on Monday before looking to stabilise.
The Pound was still relatively resilient given the underlying conditions, but the dollar benefitted from renewed ge-political concerns, weaker risk conditions and expectations of higher US interest rates. The dollar index was close to 2-month highs.
GBP/USD survived a test of 1.33 in May, but any slide through this area could trigger losses to 1.3160.
UoB commented; “A break below this level is not ruled out, but deeply oversold conditions suggest GBP might not be able to maintain a foothold below this level.”
Save on Your GBP/USD Transfer
Get better rates and lower fees on your next international money transfer.
Compare TorFX with top UK banks in seconds and see how much you could save.
Middle East tensions increased again on Monday following Israeli attacks on Iran in retaliation for Iranian missile launches against Israel and oil prices secured renewed gains.
ING commented; “The geopolitical backdrop is also shifting dollar-positive, with most surprised that Brent is not trading even higher now that Iran and Israel are directly exchanging fire.”
Equity markets registered sharp losses on Friday and the mood remained defensive on Monday while US bond yields moved higher. According to ING; “An unwind of risk assets and especially an unwind of emerging market positions is normally dollar-positive.”
As far as the US economy is concerned, the latest jobs report was stronger than expected with an increase in non-farm payrolls of 172,000 for may compared with consensus forecasts of around 85,000 while the April increase was revised higher to 179,000 from the 115,000 reported previously.
MUFG commented; “Stronger employment growth alongside upside risks to the inflation outlook from the energy price shock in the Middle East has encouraged market participants to price in multiple rate hikes from the Fed in the year ahead.”
ING looked at the important US inflation indicators this week; “At some point, that expected tightening will be too aggressive, but we cannot see that story being unwound this week. This is because it is another week for US price data, where the May headline CPI reading is expected to push through 4% year-on-year, and PPI final demand should remain near 6% YoY.”
Capital Economics chief markets economist Jonas Goltermann also expects higher US rates; “The U.S. payrolls report paints a picture of a U.S. labour market that is strengthening despite the ongoing energy price shock.”
He added; “That combination makes policy tightening by the Fed later this year increasingly probable. We now expect the FOMC to deliver two 25 basis-point rate hikes later this year, in response to the energy supply shock and the re-acceleration of the U.S. labour market.”
Like this piece? Please share with your friends and colleagues:
International Money Transfer? Ask our resident FX expert a money transfer question or try John’s new, free, no-obligation personal service! ,where he helps every step of the way,
ensuring you get the best exchange rates on your currency requirements.
Brent crude oil price remains in a narrow range this week as investors watch the new developments in the ongoing US-Iran crisis. It was trading at $95.40 today, June 5, after Hezbollah rejected the new ceasefire agreement between Israel and Lebanon.
Brent and the West Texas Intermediate have barely moved this week as investors assessed the current phase of the US-Iran crisis and the dwindling US Strategic Reserves.
Odds of a quick deal between the two sides have now dropped substantially this week as ceasefire talks stalled. Worse, the recent ray of hope between Israel and Lebanon found a major roadblock after Hezbollah rejected the ceasefire.
Hezbollah argued that the ceasefire was not in Lebanon’s interest and amounted to surrender. This means that the fighting between Hezbollah and Israel will continue in the foreseeable future, something that Israel wants.
The challenge, however, is that Iran has insisted that any deal with the US will be contigent on the developments in Lebanon.
Therefore, there is a real risk that the US and Iran will restart their bombing campaigns. Just this week, Iran launched a barrage of missiles towards Kuwait in response to US attacks on its targets.
A renewed phase of fighting would be risky for the world economy, as it would push crude oil prices much higher than where they are today. Besides, data show that US oil inventories have continued falling, while drawdowns from the Strategic Petroleum Reserves (SPR) have accelerated and moved to the lowest level in years. If this trend continues, chances are that these reserves wil run out in months.
At the same time, the US is now in its driving season,where petroleum demand is usually at its highest. As a result, some top officials and experts warn of an impending danger in the world’s oil market if the Strait of Hormuz continues its closure for longer.
Before the war, 20.3 million barrels of oil used to pass through the Strait of Hormuz each day. This figure has now been reduced to near zero by Iran’s closure and the US blockade.
The world has found some extra oil, with Saudi Arabia boosting its pipeline exports, surging to 7 million barrels per day. Oil exports from the US and other countries like Canada has soared. This, however, has not been enough to offset the losses from the Strait.
Brent crude oil price chart | Source: TradingView
The daily chart reveals that Brent crude oil price has been sending mixed signals in the past few weeks. On the one hand, it has moved below the 50-day Exponential Moving Average (EMA), a sign that bears remain in control.
Brent has also formed a double-top pattern, a common bearish reversal sign in technical analysis. If this happens, Brent may drop to the key support level at $60.
On the other hand, Brent has formed an island reversal pattern, which happens after a big down gap. If this happens, the price may rebound and move above the key resistance level at $100. Such a move may also push it to $110 and above.
2026.06.09 2026.06.09 Yen Under Pressure As Interventions Yield Little Result. Forecast as of 09.06.2026
Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/
Japan’s previous interventions in the Forex market, totaling $73 billion, have yielded no results. Moreover, the sale of US Treasuries has boosted yields worldwide. In other words, it has damaged Japan’s debt market. Let’s discuss this topic and develop a trading plan for the USD/JPY pair.
The article covers the following subjects:
Major Takeaways
The Forex market is bracing for currency interventions.
Investors are anticipating a rate hike by the BoJ.
Japan needs to choose the lesser of two evils.
Short positions can be opened if the USD/JPY pair drops below 159.85.
Weekly Fundamental Forecast for Yen
Forewarned is forearmed. Investors are ramping up hedging against a surge in yen volatility to levels not seen since October 2022. At that time, Japan resorted to currency intervention for the first time in many years to halt the rally in USD/JPY quotes. The pair is hovering near the psychologically important 160 level, making it extremely vulnerable to interventions.
Demand for Hedging Against Volatility Surge
Source: Bloomberg.
The authorities do not want a weak yen, which fuels inflation due to rising import prices. This leads to higher bond yields and increases the cost of servicing the massive national debt. The government is turning to currency interventions, fearing that other methods will not be as effective. For example, the Bank of Japan’s tightening of monetary policy risks triggering an even sharper rise in debt market rates.
However, money alone cannot solve the problem. Japan spent roughly $73 billion on its previous foreign-exchange intervention, while its securities holdings declined by a similar amount. Much of these assets consisted of US Treasuries. Selling them to fund further interventions would not only risk provoking the US but could also push bond yields higher globally, including in Japan.
Japan’s Foreign Exchange Reserves
Source: Bloomberg.
Meanwhile, as speculators remain wary of currency interventions and reluctant to push USD/JPY quotes higher too sharply, policymakers are trying to avoid making matters worse.
There had been hopes that a resolution to the conflict in the Middle East would push oil prices lower and ease inflationary pressures in the United States. Such a scenario would weaken the US dollar by reducing both safe-haven demand and the likelihood of further Fed rate hikes. Instead, the conflict continues to escalate.
The yen remains fundamentally weak, while the government is throwing money away and trying to figure out how to avoid making things even worse with currency interventions. The only way out seems to be choosing the lesser of two evils. According to Mitsubishi UFJ Asset Management, the Bank of Japan must aggressively raise the overnight rate to strengthen the yen. Although the futures market indicates a 90% probability of a monetary tightening in June, the company believes that a 25-basis-point increase is insufficient. A 50 or 75-basis-point hike is needed.
The government and speculators are not in an enviable position. Policymakers are wary of the consequences of currency intervention, while traders are reluctant to take on excessive risk and face potential losses.
Weekly USDJPY Trading Plan
If the conflict in the Middle East continues, its impact on the Forex market will allow investors to buy the dip in the USD/JPY, just as they did in May. On the other hand, a US-Iran deal would be a game-changer. In the event of a sharp downward move, the pair can be sold on breakouts of 159.85 and 159.7.
This forecast is based on the analysis of fundamental factors, including official statements from financial institutions and regulators, various geopolitical and economic developments, and statistical data. Historical market data are also considered.
Price chart of USDJPY in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
The GBPJPY pair formed more bearish waves, approaching 212.80 to begin recovering some losses by its rally towards 214.00 as appears in the above image.
Reminding you that the stability of the trading below 214.50 level will increase the chances of facing new bearish pressures, repeating the attempts of reaching 212.80, as breaking it will open the way for resuming the negative attack and reaching 212.00 and 211.45, while breaching the barrier and holding above it will cancel the negative scenario, opening the way for activating the bullish trend again by targeting 215.30 level initially.
The expected trading range for today is between 213.20 and 214.50
Following last week’s surge in the US dollar, there was some further upside initially and that caused the EUR/USD to fall to 1.15 handle first thing this morning, before bouncing back. The euro initially fell further as oil prices extended their gains on fresh escalation in the Middle East conflict with Iran and Israel exchanging fires. However, the moves unwound slightly by late morning London trade as Trump said that Israel and Iran were looking to do an immediate ceasefire. The US president said, “final negotiations are proceeding, subject to stupidity getting in its way.” Oil prices pared earlier gains and then turned negative after Ian reportedly declared end of military operations against Israel. Looking ahead, US CPI and ECB’s rate decision are among the important macro events for the EUR/USD forecast this week.
Dollar looking to advance gains
Last week, the greenback rallied after a much stronger-than-expected labour market report prompted investors to reassess the outlook for Federal Reserve policy, sending yields higher. Looking ahead, we have US CPI and ECB rate decisions looming this week. Traders are also watching oil prices and the US-Iran-Israel situation. Hopes for a potential deal between the US and Iran to open the Strait of Hormuz faded after the latest escalation in the conflict. But with oil prices turning red on the day and still holding in the existing ranges, markets are still betting that the strait will re-open soon.
The US dollar gain strong momentum last week as investors increasingly factored in the possibility of tighter monetary policy, while the sell-off in stocks also reinforced demand for the greenback. Expectations of tighter monetary policy gained ground on the back of a strong US jobs report, which pointed to a labour market that has regained momentum during the first half of 2026, reducing concerns about an imminent slowdown in economic activity.
Traders have now fully priced in a quarter-point Federal Reserve rate increase by year-end, a notable shift from expectations just a few weeks ago.
This week’s US inflation releases could reinforce that view. Consensus forecasts suggest headline CPI may move to 4.2% year-on-year in May, while producer price pressures remain elevated. With the Federal Reserve entering its pre-meeting blackout period ahead of the June FOMC decision, policymakers have limited ability to push back against increasingly hawkish market pricing.
As a result, the dollar may continue to attract support heading into the meeting, particularly as investors anticipate the Fed could adopt a firmer policy stance and further distance itself from any perception of easing.
Keep an eye on equity markets
The US dollar could find haven flows if we see fresh selling in the tech space, following Friday’s big plunge. While the upcoming SpaceX IPO might bring out the bulls again, currencies with strong links to global sentiment may remain particularly vulnerable if weakness in the sector persists. Today, though, index futures were higher as markets attempted to regain their poise after Friday’s drop. But should we see another sharp retreat from risk assets this week, this would most likely favour the dollar against high beta currencies. Meanwhile, geopolitical developments continue to underpin safe-haven demand for the greenback. That said and despite the escalation of direct hostilities between Iran and Israel, oil prices have remained relatively contained.
Will it be a hawkish ECB hike or a dovish one?
The ECB is likely to maintain a firm tone despite growth concerns, when it meets to decide on policy on Thursday. The single currency came under heavy pressure against the dollar at the end of last week, reflecting the broad-based strength of the greenback. But we could see some euro-specific movements this week if the ECB turns out to be more hawkish or dovish than markets are expecting. The central bank is widely expected to raise its deposit rate by 25 basis points to 2.25%. More important than the rate move itself will be the tone of the accompanying guidance.
A relatively hawkish message remains the most likely outcome. Policymakers are expected to leave the door open to further tightening later in the year amid the energy market uncertainty. The challenge for the ECB is that growth indicators are beginning to soften all thanks to the developments in the Gulf. At the same time, renewed strength in energy prices complicates the inflation outlook. This combination of slowing growth and persistent price pressures may leave the EUR/USD forecast struggling to gain bullish traction.
Technical EUR/USD forecast
Source: TradingView.com
The EUR/USD is likely to remain under pressure, despite today’s bounce back. For now, the 1.1500 level has held firm. This will continue to act as a key battleground this week. A sustained move away from here may prove difficult while markets remain focused on the prospect of further Fed tightening. But with the prior bullish price action failing to lead to any bullish breakthrough, the risks remain tilted to the downside. A clean breakdown below 1.1500 would bring the March low of 1.1410 into focus, barring a plunge in oil prices – say as a result of a deal between the US and Iran to re-open the Strait of Hormuz. Resistance is now seen around the 1.1570-1.1600 area, followed by 1.1670 and then 1.1700.
Ethereum (ETHUSD) declined in recent intraday trading, under continued bearish pressure as it remains below the EMA50, which reinforces the dominance of the short-term downtrend. Price action is also moving along a descending trendline, supporting the ongoing negative structure.
In addition, relative strength indicators are showing renewed negative signals, keeping the bearish outlook intact for the near term unless key resistance levels are broken. This setup maintains downward pressure on the price.
The GBP/JPY trims some of its earlier losses, turns nearly flat during the day at around 213.60, and is modestly down 0.09% amid a mixed market mood, an indication of cautious trading amid the ongoing environment.
GBP/JPY Price Forecast: Technical Outlook
Price action shows the GBP/JPY is consolidating following last week’s losses of over 0.21%, capped on the downside by the 100-day Simple Moving Average (SMA) at 212.62, and on the top by the 50-day SMA at 213.87.
The Relative Strength Index (RSI) indicates that, in the near term, sellers are in charge. But the market structure of successive higher highs and higher lows suggests further upside for GBP/JPY.
If GBP/JPY reclaims 214.00, the next resistance would be the June 15 high at 215.62. Above this area, the next stop would be the year-to-date (YTD) high of 216.61.
Downwards, the first support for GBP/JPY would be 213.00. Below the figure, the next stop would be the 100-day SMA at 212.62, followed by the 212.00 mark.
GBP/JPY Price Chart – Daily
GBP/JPY daily chart
Japanese Yen Price Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Swiss Franc.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-0.11%
-0.04%
-0.10%
0.06%
0.05%
-0.30%
0.22%
EUR
0.11%
0.06%
-0.02%
0.15%
0.14%
-0.18%
0.31%
GBP
0.04%
-0.06%
-0.06%
0.09%
0.02%
-0.23%
0.23%
JPY
0.10%
0.02%
0.06%
0.14%
0.12%
-0.16%
0.28%
CAD
-0.06%
-0.15%
-0.09%
-0.14%
-0.00%
-0.32%
0.15%
AUD
-0.05%
-0.14%
-0.02%
-0.12%
0.00%
-0.28%
0.18%
NZD
0.30%
0.18%
0.23%
0.16%
0.32%
0.28%
0.44%
CHF
-0.22%
-0.31%
-0.23%
-0.28%
-0.15%
-0.18%
-0.44%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Silver (XAG/USD) trades modestly higher on Monday after falling nearly 8% on Friday in the wake of a stronger-than-expected US Nonfarm Payrolls (NFP) report, which reinforced expectations that the Federal Reserve (Fed) will keep interest rates higher for longer.
At the time of writing, XAG/USD is trading around $68.50 after touching $66.18 earlier in the day, its lowest level since March 25.
The mild rebound comes as the US Dollar (USD) softens after Iran’s Fars News Agency reported that Iran had ended its military operations against Israel following renewed hostilities over the weekend. US President Donald Trump also said that peace talks with Tehran remain ongoing, keeping traders cautiously optimistic about a possible end to the war in the Middle East.
However, the upside in Silver appears limited amid rising expectations of a hawkish Fed, while the broader technical outlook suggests bears still hold the upper hand.
Traders now look ahead to US inflation data due later this week, which could provide fresh clues on the Fed’s monetary policy path and drive the next move in both the USD and XAG/USD.
Technical Analysis:
On the daily chart, XAG/USD holds a bearish bias as prices remain below the 50- and 100-day Simple Moving Averages (SMAs). However, the 200-day SMA near $67.94 is providing immediate support and helping to stabilize price action following last week’s sharp selloff.
Momentum indicators remain tilted to the downside. The Relative Strength Index (RSI) is hovering around 37, suggesting bearish momentum is still in place, although conditions are not yet oversold. Meanwhile, the Average Directional Index (ADX) near 17 points to a relatively weak trend, indicating that the recent decline has lacked strong conviction.
On the upside, the first resistance level comes in at the 50-day SMA around $76.15. A sustained move above this area could open the door toward the 100-day SMA near $80.38. On the downside, the 200-day SMA at $67.94 remains the key support to watch. A daily close below this level would reinforce the bearish outlook and expose XAG/USD to deeper losses.
(The technical analysis of this story was written with the help of an AI tool.)
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc.
USD
EUR
GBP
JPY
CAD
AUD
NZD
CHF
USD
-0.15%
-0.01%
-0.10%
0.13%
0.00%
-0.29%
0.17%
EUR
0.15%
0.12%
0.06%
0.29%
0.12%
-0.14%
0.32%
GBP
0.01%
-0.12%
-0.09%
0.14%
-0.02%
-0.30%
0.15%
JPY
0.10%
-0.06%
0.09%
0.21%
0.07%
-0.18%
0.23%
CAD
-0.13%
-0.29%
-0.14%
-0.21%
-0.13%
-0.40%
0.02%
AUD
-0.01%
-0.12%
0.02%
-0.07%
0.13%
-0.27%
0.17%
NZD
0.29%
0.14%
0.30%
0.18%
0.40%
0.27%
0.42%
CHF
-0.17%
-0.32%
-0.15%
-0.23%
-0.02%
-0.17%
-0.42%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
