IDX Forecast for August 3, 2026
Dollar Index price action. The primary driver of the downward momentum has been the intervention in the Japanese Yen.
The Ministry of Finance announced the first joint intervention with the U.S. in the FX market in 15 years, aimed at strengthening the Yen against the Dollar, and stated that both Japan and the U.S. are prepared for further currency interventions if necessary.
JPY is strengthening against the USD at a record pace.