This Week's Market - May 26, 2026 (Tuesday)
Yesterday, with the UK observing the Spring Bank Holiday and the US observing Memorial Day, stock, bond, and commodity markets were closed. USD/JPY remained stuck around 158.90 yen amid a lack of catalysts.
Key US economic indicators to watch today include the May US Consumer Confidence Index (forecast: 92.0) and the US Treasury 2-year bond auction.
Additionally, the ongoing US-Iran conflict and reports of irregular remarks by President Trump continue to warrant attention.
From a technical perspective, the downside target for USD/JPY is yesterday's low of 158.74 yen, while the upside target appears to be yesterday's high of 159.04 yen. If a breakout to the upside occurs, caution over potential intervention would intensify, making it prudent to lock in profits.
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