1. USD/JPY Analysis:

News Summary:

The Bank of Japan’s 25-basis-point rate hike to 1.25% this week is widely seen as a done deal and has been fully priced in by the market. However, the BOJ has no predetermined view on the terminal rate, while clear hawkish-dovish divisions remain within the policy board. Governor Kazuo Ueda may deliberately maintain an ambiguous stance after the meeting, potentially limiting the yen’s initial reaction. For yen positioning, the tug-of-war between the currency’s cumulative appreciation over the past several months and elevated oil prices may be a more important dynamic to watch than this week’s rate hike itself.

Trend Analysis:

On the H4 chart, we can see USD/JPY has staged an oversold rebound and is trading near the 48 hours moving average. On the other hand, the MACD double line and energy bars are expanding below the zero axis. The buy limit could be set, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [152.20]

Key Resistance Levels: [155.70]
Pivot Points [153.00]

2. Gold Analysis:

News Summary:

The US released its August CPI data, with headline CPI coming in line with expectations while core CPI exceeded forecasts. However, the stronger inflation reading was mainly driven by one-off disruptions in services, suggesting a relatively low likelihood of sustained inflationary pressure. Following the data release, the probability of a September rate hike rose to 87%, meaning near-term tightening expectations were largely fully priced in. This triggered a sell-the-news reaction, with gold initially falling before rebounding. Looking ahead, the market has already largely priced in expectations for a near-term rate hike. As long as the Federal Reserve does not signal a prolonged tightening cycle, gold could bottom out and recover once the negative factors have been fully absorbed.

Trend Analysis:

We can see gold has pulled back again on the H4 chart and is trading below the 48 hours moving average. Meanwhile, the MACD double line and histogram bars are expanding around the zero axis. The sell limit could be placed, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [4220]

Key Resistance Levels: [4440]

Pivot Points [4370]