The morning USD/JPY forecast identifies a break below 155 yen as the third attempt, with attention focused on a possible move toward a correction in yen weakness. The forecast range is 153.5-155.3 yen, and the outlook takes into account the previous day's movement and this morning's conditions.
Prepared at 7:45 a.m. on 8 September 2026, the USD/JPY forecast range is 153.500-155.300 yen. USD/JPY fell approximately 1.2% in a move reflecting dollar weakness and yen strength the previous day, ending trading around 154.37. After yen-buying interventions in May and July, the pair had still failed to break below the 155-yen level, but it is suggested that this time may have marked the third time lucky and that the pair may have broken below 155 yen.
The morning USD/JPY forecast points to a move aimed at breaking below 155 yen, and the exchange rate may enter a phase of correcting yen weakness depending on subsequent price movements. Expectations of coordinated Japan-U.S. action to correct yen weakness have been cited as a market factor.
Against the backdrop of the previous day's movement, trading volumes were thin because of the U.S. Labor Day holiday, making stop-loss dollar selling and yen buying easier to trigger than usual. The view presented is that the extent to which levels below 155 yen become established will depend on this morning's developments.
A key factor for today is the price movement when New York market participants return to the market, while expectations of a correction in yen weakness, including speculation over a Bank of Japan rate hike, are also attracting market attention.