USD Hovers Around 99.00, JPY Plunges to 153.40, Oil Breaks $92, Gold Awaits US CPI

[RichieVo]

Date: September 9, 2026

---

DXY – Hovers Around 99.00 Awaiting US CPI​

DXY trades around 99.00, hovering ahead of Thursday's US CPI data. Markets expect CPI to guide the Fed's September rate decision. RSI at 42 suggests downside pressure remains.

Key Levels:​

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

Outlook: Neutral, awaiting CPI.

---

Gold – Awaits US CPI​

Gold trades around $4,347/oz, hovering as markets await US CPI data. RSI at 52, neutral territory. Gold holds above the 100-day SMA at $4,347, supporting the short-term bullish bias.

Key Levels:​

• Support: 4,300 – 4,347 (100-SMA)
• Resistance: 4,470 – 4,500

Outlook: Neutral, awaiting CPI.

---

WTI Crude – Breaks Above $92​

WTI broke above $92/barrel, hitting a 6-week high on escalating Middle East tensions. Houthis attacked Saudi refining facilities. US-Iran confrontations continue. Supply disruption risks are rising.

Key Levels:​

• Support: 87.74 – 87.00
• Resistance: 93.00 – 94.86

Outlook: Strong uptrend, geopolitical risks.

---

AUD/USD – Above 0.7200, RBA Hawkish​

AUD/USD trades above 0.7200. RBA Assistant Governor Hunter delivered hawkish remarks, stating the Board has "low tolerance" for above-target inflation. Markets price a 69% chance of a 25bp RBA hike on September 29.

Key Levels:​

• Support: 0.7174 – 0.7158
• Resistance: 0.7264 – 0.7300

Outlook: Bullish, RBA hawkish.

---

EUR/USD – Edges Higher Ahead of ECB​

EUR/USD trades around 1.1630, edging higher ahead of Thursday's ECB meeting. Markets expect a 25bp ECB rate hike to 2.50%. German industrial production data disappointed.

Key Levels:​

• Support: 1.1562 – 1.1523
• Resistance: 1.1679 – 1.1711

Outlook: Mildly bullish, awaiting ECB.

---

GBP/USD – Recovers to 1.3545​

GBP/USD recovered to 1.3545 after Chancellor John Healey announced measures to boost growth and attract investment. Markets await Friday's UK GDP report.

Key Levels:​

• Support: 1.3500 – 1.3455
• Resistance: 1.3558 – 1.3675

Outlook: Recovering, awaiting GDP.

---

USD/JPY – Plunges to 153.40​

USD/JPY plunged to 153.40, its lowest level since February. Japan's GDP was revised higher to 1.4% from 1.1%, reinforcing BoJ rate hike expectations. Markets fully price a 25bp BoJ hike on September 17-18.

Key Levels:​

• Support: 153.07 – 152.00
• Resistance: 154.75 – 155.73

Outlook: Sharp decline, BoJ hawkish.

---

ASX200 – Drops to 8,921​

ASX200 fell 1% to 8,921 points, hitting a 6-week low. Pressure from surging oil prices and US-Canada trade tensions. RBA warned that further rate hikes may be needed to curb inflation.

Key Levels:​

• Support: 8,900 – 8,830
• Resistance: 9,000 – 9,080

Outlook: Bearish, testing 8,900 support.

---

Shanghai Composite – Hovers Around 3,940​

Shanghai Composite edged up 0.2% to 3,940 points. China's August exports rose 25%, beating expectations. High-tech sectors sold off, while agriculture and energy gained.

Key Levels:​

• Support: 3,920 – 3,930
• Resistance: 3,950 – 3,980

Outlook: Neutral, awaiting data.

---

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): UK GDP (Jul) – UK economic growth

---

• USD: Hovers around 99.00, awaiting CPI
• Gold: Hovers around 4,347, awaiting CPI
• Oil: Breaks $92 on Middle East tensions
• AUD/USD: Above 0.7200, RBA hawkish
• EUR/USD: Mildly bullish, awaiting ECB
• GBP/USD: Recovers to 1.3545
• USD/JPY: Plunges to 153.40
• ASX200: Drops to 8,921
• Shanghai: Hovers around 3,940

Trade with caution. Use BCR's Economic Calendar to stay updated.