Market Analysis
EURUSD weekly: euro drops 111 pips to 1.14817, 2026-09-14
EURUSD gave up 111 pips over the week of 14 September 2026, with the whole loss landing in a single Wednesday session that broke 1.1500.
4 min readThe week in USDJPY opened at 162.517 on Monday and closed at 163.839 on Friday. Price ran up to a high of 163.981 on Thursday and never traded below the Monday floor of 162.201. That is a net gain of roughly 132 pips, close to 0.81 percent, with the pair finishing near its weekly high.
The dollar advantage over the yen held all week, and the pair pushed to a fresh 40-year low for the yen. Japan core CPI matched forecast in June, so the inflation print gave the Bank of Japan no new reason to move and USDJPY was little changed on the release itself. The bigger driver was policy pressure. Reporting noted the US pressing the BOJ on rate hikes as the yen hit its 40-year low, and that widening rate gap kept demand for the dollar leg firm.
Verbal intervention did the rest of the work. Japan finmin Katayama signalled readiness for decisive forex action on the yen, a warning that briefly capped the advance but did not reverse it. Volume rose into Thursday's push above 163.90 before thinning out on Friday.
The bundle lists no scheduled high-impact events for the coming week, so the driver stays the intervention threat and any follow-through on the BOJ rate-hike pressure. If Japanese officials move from words to actual forex action, the typical reaction is a sharp yen bid and a fast pullback in USDJPY. If the warnings stay verbal and no action arrives, the path of least resistance has been higher, and buyers may retest the weekly high. Watch the same headline sources that carried Katayama's comments for any escalation.
LHFX client positioning sits at 49.3 percent long and 50.7 percent short. That is close to balanced, with a slight short lean against a market that just closed at a multi-decade extreme. A near-even book tells you consensus is not one-sided here, and the small short skew suggests some traders are already positioning for an intervention snapback rather than chasing the trend.
The weekly high at 163.981 is the first ceiling, and it sits just under the round 164.00 handle. If price closes above 164.00, that round number becomes the reference for the next leg. On the downside, the Thursday breakout point near 163.00 is the first support. If that gives way, the Monday low at 162.201 comes back into play. Cross-yen traders can compare the tone against GBP/JPY for confirmation of broad yen weakness. If you want the live chart and current positioning as the week develops, you can follow USDJPY on your LHFX account.
Byline: LHFX Research
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