USD/JPY Forecast: USD Pulling Back Against Yen in Overbought Condition – 06 February 2026
Despite short-term exhaustion, USD/JPY remains in a strong uptrend, with interest rate differentials favoring buyers on pullbacks toward key support zones.

Despite short-term exhaustion, USD/JPY remains in a strong uptrend, with interest rate differentials favoring buyers on pullbacks toward key support zones.
The USD/CHF pair remains stuck below 0.78 as traders await potential Swiss National Bank action, with markets eyeing a breakout or deeper pullback soon.
The S&P 500 fell to test key support at 6800 on Thursday, with traders eyeing a potential bounce as earnings season continues to influence sentiment.
Bitcoin plunged below $70,000 on Thursday amid rising bearish pressure, with on-chain data signaling deeper losses and a potential return to crypto winter.
The Australian dollar weakened Thursday, trading in a tight range between 0.69 and 0.71 as markets assess RBA rate outlook and China’s economic momentum.
Silver prices plunged Thursday, testing the critical $70 level as volatility surged, with traders eyeing a possible breakdown that could spark a deeper correction.