USD Hovers Around 99.00, JPY Continues to Surge, Oil Holds Above $90, Gold Awaits US CPI

[RichieVo]

Date: September 8, 2026

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DXY – Hovers Around 99.00 After Strong NFP​

DXY trades around 99.00, hovering after August NFP came in stronger than expected (+162K vs +56K expected). September rate hike expectations rose to ~60%. Markets await US CPI data on Thursday for further direction.

Key Levels:​

• Support: 98.72 – 98.56
• Resistance: 99.70 – 100.00

Outlook: Neutral, awaiting CPI.

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Gold – Awaits US CPI​

Gold trades around $4,407/oz, under pressure after a stronger-than-expected NFP. However, prices have recovered from the $4,365 low. RSI at 51.6, neutral. Markets await US CPI and PPI data.

Key Levels:​

• Support: 4,350 – 4,300
• Resistance: 4,510 – 4,535

Outlook: Range-bound, awaiting CPI.

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WTI Crude – Holds Above $90​

WTI holds above $90/barrel, supported by escalating US-Iran tensions and Ukrainian attacks on Russian refineries. US retail diesel prices hit a record high of $5.85/gallon.

Key Levels:​

• Support: 86.94 – 85.20
• Resistance: 92.25 – 94.86

Outlook: Bullish, geopolitical risks.

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AUD/USD – Holds Above 0.7200​

AUD/USD trades above 0.7200, near a 4-month high. RBA rate hike expectations rose to 66% following strong GDP and inflation data. The RBA could raise rates to 4.60% by late September.

Key Levels:​

• Support: 0.7100 – 0.7079
• Resistance: 0.7264 – 0.7300

Outlook: Bullish, RBA hawkish.

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EUR/USD – Hovers Around 1.1612​

EUR/USD trades around 1.1612. German industrial production data disappointed (-1.1% vs +0.3% expected). Markets await Thursday's ECB rate decision, with a 25bp hike expected.

Key Levels:​

• Support: 1.1562 – 1.1500
• Resistance: 1.1679 – 1.1711

Outlook: Neutral, awaiting ECB.

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GBP/USD – Hovers Around 1.3530​

GBP/USD trades around 1.3530, hovering ahead of Friday's UK GDP report. The BoE is expected to hike rates by year-end. RSI is in neutral territory.

Key Levels:​

• Support: 1.3448 – 1.3400
• Resistance: 1.3548 – 1.3600

Outlook: Neutral, awaiting GDP.

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USD/JPY – Plunges to 154​

USD/JPY plunged to 154.00, hitting its lowest level since February. Hawkish BoJ remarks continue to reinforce expectations of a September rate hike. RSI at 27, near oversold territory.

Key Levels:​

• Support: 153.99 – 153.07
• Resistance: 155.30 – 155.80

Outlook: Sharp decline, intervention risk.

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ASX200 – Hovers Around 9,011​

ASX200 closed around 9,011 points. Energy and materials sectors gained on high oil and iron ore prices, while tech and healthcare declined. Markets await China CPI and PPI data.

Key Levels:​

• Support: 8,998 – 8,900
• Resistance: 9,022 – 9,100

Outlook: Neutral, awaiting data.

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Nikkei 225 – Surges 2.12% on Tech Stocks​

Nikkei 225 surged 2.12% to 66,400 points, driven by tech and AI stocks. SoftBank +11.2%, Kioxia +9.3%. OpenAI's new AI model boosted sentiment.

Key Levels:​

• Support: 65,600 – 65,000
• Resistance: 66,668 – 67,200

Outlook: Strong uptrend, tech-led rally.

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Key Events This Week​

• Wednesday (09/09): US PPI (Aug) – Producer inflation
• Thursday (10/09): ECB Rate Decision – Expected 25bp hike
• Thursday (10/09): US CPI (Aug) – Highlight of the week
• Friday (11/09): US Michigan Consumer Sentiment (Sep) – Consumer sentiment

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• USD: Hovers around 99.00, awaiting CPI
• Gold: Hovers around 4,407, awaiting CPI
• Oil: Holds above $90
• AUD/USD: Above 0.7200, RBA hawkish
• EUR/USD: Neutral, awaiting ECB
• GBP/USD: Neutral, awaiting GDP
• USD/JPY: Plunges to 154
• ASX200: Hovers around 9,011
• Nikkei 225: Surges 2.12%

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