USD/JPY showed strong dollar buying this morning on the strength of the US employment data and expectations of a Fed rate hike, while caution over correcting yen weakness is expected to limit the range. The forecast range is ¥155.600–¥156.800.
The report, prepared at 8:00 on 7 September 2026, presented the morning USD/JPY forecast from Nakamura Tsutomu (中村勉) of Gaitame.com Research Institute. The forecast range for USD/JPY was given as ¥155.600 to ¥156.800.
Looking back at the previous day, USD/JPY rose approximately 0.3% on the 4th based on the closing price, with the dollar advancing to around ¥156.74 before falling back to around ¥155.34 amid caution over correcting yen weakness. The dollar was subsequently supported again as expectations grew for a rate hike at the September FOMC meeting against the backdrop of strong US employment data. It closed at around ¥156.25.
For this morning's outlook, the closure of US markets for Labor Day is expected to leave trading during Tokyo hours concentrated in the upper ¥155s to the lower ¥156s. US employment trends, expectations of a Fed rate hike and developments at the Bank of Japan will remain key focuses.
The report indicates that the full article is available in a Gaitame.com report and organizes the key factors to watch for the future direction of USD/JPY.