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11
08, 2026
10
08, 2026
US Dollar To Yen Forecast: Goldman Targets 165 Despite Historic Intervention
USD/JPY Outlook: Intervention Caps 164 but Fundamentals Still Favour Dollar
The US Dollar to Yen exchange rate (USD/JPY) bounced back towards 159 on Monday, recovering from Friday’s 157.80 close but still sitting well below the late-July peak near 164.
Latest — Exchange Rates:
Goldman Sachs thinks that lower level may prove temporary.
The bank estimates Japan’s latest intervention was “likely up to $85bn in 2 days; the largest 2-day operation since 2011”, with the US also taking part.
That was a powerful signal. It was not, in Goldman’s view, a substitute for policy.
“If pricing holds and the Board leaves rates unchanged, downward pressure on JGBs and JPY would reemerge,” the bank said, reflecting what it calls the “unstable equilibrium” of intervention without a subsequent policy change.
USD/JPY remains well below July’s highs near 164, although the pair has begun to recover from the intervention-driven fall.
Goldman’s economists see “the odds of substantially faster or earlier BoJ rate hikes” as low, especially if a stronger Yen reduces the urgency for policymakers to act.
That helps explain why the bank has not materially changed its longer-run forecast profile.
Goldman sees USD/JPY at 162 in three months, 163 in six months and 165 in twelve months.
In other words, the intervention can change the path without necessarily changing the destination.
Near-Term USD/JPY Outlook: Fundamentals Still Point Higher
Goldman argues that the relatively muted follow-through after intervention reflects “the fundamental reasons for the currency’s weakness”.
“We expect depreciation pressures to reemerge over time absent a shift in global conditions or a policy surprise,” the bank said.
There is one important qualification.
“If the BoJ does hike in September, and there begin to be signs of reallocation towards domestic assets by domestic investors, the Yen can see stronger levels for longer.”
The broader bank consensus is less aggressive than Goldman’s twelve-month call. Median forecasts drift lower through 2027, while the range of estimates remains unusually wide.
Bank forecasts remain highly dispersed, with the median path below current levels through much of 2027.
Goldman analysts sit on the more Dollar-bullish side of the debate.
Its central message is simple: the joint US-Japan operation can stop a disorderly run through 164, but unless rates, capital flows or the global backdrop change, intervention alone is unlikely to deliver a lasting Yen recovery.
Exchange Rates UK Research
Our currency coverage draws on live market data, official economic releases and published bank research.
10
08, 2026
Coffee prices today, August 10th: Rise, Arabica increases by more than 4%
Domestic coffee prices today
Coffee prices today in the domestic market increased slightly compared to the previous session. According to giacaphe. com, the average coffee price on August 10 was 97,100 VND/kg, an increase of 200 VND/kg.
In Dak Lak, coffee prices were recorded at 97,000 VND/kg, an increase of 200 VND/kg compared to the previous session.
In Lam Dong, coffee prices reached 96,600 VND/kg, an increase of 300 VND/kg. This is the lowest level among the surveyed areas.
In Gia Lai, coffee prices are at 97,000 VND/kg, an increase of 200 VND/kg.
The old Dak Nong area recorded a level of 97,300 VND/kg, an increase of 300 VND/kg. This is the highest level in today’s price list.
After sessions of hovering around the 97,000 VND/kg zone, the market has had a slight increase, but has not yet returned to the area close to 99,000 VND/kg previously recorded.
The USD/VND exchange rate according to Vietcombank was recorded at 25,910 VND/USD, down 90 VND.
World coffee prices
In the world market, coffee prices in the most recent session diễn biến trái chiều (developed in opposite directions).
According to Barchart, the September 2026 Arabica futures contract closed the weekend session up 13.90 US cents/lb, equivalent to 4.32%, to 335.55 US cents/lb. This is a strong increase, bringing Arabica to its highest level in about 1 week.
Conversely, the September 2026 Robusta futures contract decreased by 11 USD/ton, equivalent to 0.29%. According to comparison data, Robusta is still around the 3,798 USD/ton range, showing that the increase in the world market is mainly concentrated in Arabica, not spreading strongly to Robusta.
Coffee price assessment
Domestic coffee prices increased slightly in the context of a differentiated world market. Arabica rebounded sharply, but Robusta decreased slightly, making the support force for domestic purchasing prices not really clear.
According to Barchart, Arabica is supported by a weakening USD and Arabica stocks certified on ICE fall to a 2.5-year low. Meanwhile, Robusta is under pressure as Robusta stocks on ICE increase to a 4.5-month high.
Barchart also reflects that the harvest progress of Brazilian coffee is still slower than the same period. As of July 31, Cooxupe cooperative members harvested 67.3% of the expected output, lower than 74.2% in the same period last year. This factor continues to support Arabica prices.
Regarding domestic weather, the National Center for Hydro-Meteorological Forecasting said that on the day and night of August 10, the Central Highlands area is cloudy, with showers and scattered thunderstorms, locally heavy rain; rain concentrated in the afternoon and night. Lowest temperature 21-24 degrees C, highest 27-30 degrees C, in some places above 30 degrees C.
This season’s thunderstorms need to be monitored in terms of garden care, pest and disease prevention, and goods preservation.
10
08, 2026
EUR/USD, GBP/USD, and USD/CAD – Short-Term Forecast for 10/8/2026
The U.S. dollar is rising a bit against the Canadian dollar after forming a bit of a double bottom. This is a market that has been rounding from a huge move to the upside. We are currently at the 38.2% Fibonacci retracement level, followed by the 50% retracement level, trying to find some type of floor. Ultimately, this is a market that is an interest rate differential play as well. There are some traders out there that are off to the races when it comes to the idea of the U.S. employment situation dropping, but one errant report really doesn’t make a trend.
Furthermore, unfortunately, the Canadian jobs numbers, although really hot this month, are notorious for being horribly wrong and corrected the next time. So, we can’t read too much into one report, and I think we’re starting to see people question that. The interest rate differential pays traders to hold the U.S. dollar versus the Canadian dollar. I think eventually that comes back into play, especially with a 55% chance of the Federal Reserve raising rates in September.
10
08, 2026
Gold Price Forecast: XAU/USD remains bullish, pushing against $4,380 resistance
Gold (XAU/USD) holds moderate gains at the mid-range of the $4,300s on Monday, consolidating gains after a nearly 7.5% rally last week. The precious metal hovers just below the last two-month highs in the $4,380 area, buoyed by lower US Treasury yields, as traders cut back Federal Reserve (Fed) interest rate hikes following the negative surprise of last Friday’s Nonfarm Payrolls report.
The US Dollar remains on its back foot this week, in the aftermath of Friday’s US Nonfarm Payrolls release, which showed a 23K decline in net employment in July, undershooting expectations of an 80K increase, and sharp downside revisions of the previous two months’ job gains. Futures markets have scaled back hopes of a September rate hike to 44% from 67% in the previous week, sending the US Dollar lower across the board.
Technical Analysis: Gold remains steady despite overbought RSI levels
XAU/USD trades at $4,343, maintaining its bullish near-term bias intact. The 4-hour Relative Strength Index (14) has reached overbought levels, but downside attempts remain limited so far. The Moving Average Convergence Divergence (MACD) on the same timeframe hints that upside momentum is still constructive.
Bulls are likely to find significant resistance at the $4,380 area (June 17 high). Further up, the target is the late-May high at $4,595. On the downside, initial support is seen at the previous range top, above $4,200, ahead of the $4,000 psychological area, which halted bears in late July, and the bottom of July’s trading range, around $3,950.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
10
08, 2026
The GBPJPY begins to rise– Forecast today – 10-8-2026
The GBPJPY pair succeeded in surpassing the negative pressures by providing several positive closes above the key support near 210.65, activating with stochastic positivity and forming positive rally, to settle near 213.60.
The stability of the trading above 212.50 level is important to reinforce the dominance of the bullish trend, to expect targeting 214.10 level, as providing bullish momentum makes the trading extend towards the next target near 214.85.
The expected trading range for today is between 212.65 and 214.10
Trend forecast: Bullish
10
08, 2026
The CHFJPY settles above the support level– Forecast today – 10-8-2026
The CHFJPY succeeded in surpassing the negative pressures by providing several positive closes above 192.40 support, activating with stochastic positivity and recording several gains by its rally towards 195.65.
Forming extra support at 194.60 level and providing positive momentum makes us expect to form bullish waves, to attempt to reach 196.40, attacking the barrier near 197.65, which represents a confirmation key for the upcoming trading.
The expected trading range for today is between 195.00 and 196.40
Trend forecast: Bullish
10
08, 2026
EUR/JPY Price Forecast: Positions above nine-day EMA near 183.00
EUR/JPY rises after registering losses in the previous day, trading around 183.10 during the European hours on Monday. The currency cross is holding a capped tone as it sits below the 50-day Exponential moving average (EMA) while clinging to short-term support at the nine-day EMA. This configuration suggests a corrective phase within the broader uptrend, with sellers retaining the upper hand while the 14-day Relative Strength Index (RSI) around 44 hints at still-soft but stabilizing bearish momentum after the recent slide.
Yen positioning shift seen as response to Japan intervention
Strategists at Societe Generale argue that the recent positioning adjustment in the Yen futures market is being driven primarily by official action rather than a genuine change in sentiment. They highlight that the sharp drop in speculative exposure, with the “collapse in Short Yen CFTC positions to 10.8%,” is “a reflection of MoF intervention, not a reflection of greater optimism that the currency has fundamentally turned.”
A pullback below the nine-day EMA at 183.06 would reinforce the bearish bias and put downward pressure on the EUR/JPY cross to navigate the region around the eight-month low of 179.37, reached on August 3, followed by the nine-month low of 175.70.
On the upside, the EUR/JPY cross could find initial resistance at the 50-day EMA at 184.57. Further advances above the medium-term moving average would cause a bullish emergence and support the currency cross to explore the region around the all-time high of 187.95, which was recorded on April 17.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.01% | -0.00% | 0.43% | 0.07% | 0.00% | 0.06% | 0.02% | |
| EUR | -0.01% | -0.02% | 0.40% | 0.04% | -0.01% | 0.03% | 0.00% | |
| GBP | 0.00% | 0.02% | 0.43% | 0.06% | 0.03% | 0.05% | 0.02% | |
| JPY | -0.43% | -0.40% | -0.43% | -0.39% | -0.46% | -0.44% | -0.43% | |
| CAD | -0.07% | -0.04% | -0.06% | 0.39% | -0.13% | 0.00% | -0.07% | |
| AUD | -0.00% | 0.01% | -0.03% | 0.46% | 0.13% | 0.03% | 0.02% | |
| NZD | -0.06% | -0.03% | -0.05% | 0.44% | -0.00% | -0.03% | -0.02% | |
| CHF | -0.02% | -0.01% | -0.02% | 0.43% | 0.07% | -0.02% | 0.02% |
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 Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
10
08, 2026
Platinum price faces a key resistance– Forecast today – 10-8-2026
Platinum price failed to resume the bullish trend after facing the resistance near $1785.00, keeping its stability below the moving average 55, by its fluctuation near $1745.00 level as appears in the above image.
The contradiction of the main indicators and the stability of the resistance will increase the chances of renewing the negative attempts, which might target $1685.00 and $1642.00 level, while breaking above the resistance level and holding above it will open the way for reaching new bullish stations that might begin at $1825.00 and $1870.00.
The expected trading range for today is between $1700.00 and $1790.00
Trend forecast: Bearish
10
08, 2026
Silver Price Forecast: XAG/USD Bulls Target Breakout Above $63.30 Resistance
Silver Price Forecast: XAG/USD Bulls Target Breakout Above $63.30 Resistance
Silver (XAG/USD) is pressing against a key resistance zone near $63.30 as of this analysis, with buyers showing renewed conviction to push the precious metal to fresh highs. The ongoing challenge of this level suggests a potential breakout, though traders remain cautious ahead of broader market catalysts.
Why the $63.30 Level Matters
The $63.30 area has emerged as a critical technical barrier for silver, representing a confluence of prior swing highs and psychological round-number resistance. Bulls have repeatedly tested this zone over the past sessions, but each attempt has met with selling pressure. A decisive close above this level could open the door to the next upside targets, while repeated failures may signal a period of consolidation.
From a technical perspective, the recent price action shows higher lows on the intraday charts, indicating that buyers are stepping in at higher levels. This pattern, combined with positive momentum indicators, suggests that the path of least resistance is to the upside. However, volume and volatility remain key factors to watch, as a breakout without sufficient participation could prove false.
Market Drivers Behind the Silver Rally
Silver’s strength is being supported by a combination of factors, including a softer U.S. dollar, rising industrial demand, and shifting expectations around global monetary policy. As of mid-2025, the Federal Reserve’s stance on interest rates has become a major driver for precious metals, with any hint of easing typically boosting non-yielding assets like silver.
Additionally, silver’s dual role as both a precious and industrial metal has made it a beneficiary of the global push toward green technologies. Solar panels, electric vehicles, and 5G infrastructure all rely heavily on silver, creating a structural demand backdrop that continues to attract long-term investors.
What a Breakout Could Mean for Traders
If silver manages to close above $63.30 on a daily basis, the next resistance levels to watch would be around $65.00 and then the psychological $70.00 mark. Traders often use such breakouts to enter long positions, with stop-loss orders placed below the breakout level to manage risk. Conversely, a failure to break higher could lead to a pullback toward the $60.00 support zone, where buyers may find renewed interest.
Conclusion
Silver is at a pivotal juncture, with the $63.30 resistance level acting as the focal point for bulls and bears alike. While the technical setup favors an eventual breakout, traders should remain vigilant about external factors such as U.S. economic data and geopolitical developments that could influence the metal’s direction. A confirmed breakout would likely attract additional momentum buying, while a rejection could prompt a near-term correction.
FAQs
Q1: What is the current silver price forecast?
As of this analysis, silver (XAG/USD) is testing resistance at $63.30. If bulls break above this level, the next targets are $65.00 and $70.00. Failure to break could lead to a pullback toward $60.00.
Q2: Why is silver rallying?
Silver is benefiting from a weaker U.S. dollar, strong industrial demand (especially from green technologies), and expectations of potential Fed rate cuts, which make precious metals more attractive.
Q3: What are the key resistance and support levels for silver?
Key resistance is at $63.30, followed by $65.00 and $70.00. On the downside, support is seen at $60.00, with additional support near $58.00.
This post Silver Price Forecast: XAG/USD Bulls Target Breakout Above $63.30 Resistance first appeared on BitcoinWorld.