2026/9/5 Dollar/Yen, Gold, SP500, and Nikkei 225 environment
For verification, we provide a weekly video of USDJPY price movements.
USDJPY
WeeklyThe latest upward trend has not yet broken, but it is near the point where the trend may change. If the recent low (support: green horizontal line) is broken, the uptrend would be considered finished. If it holds, the market may move back to trying higher prices.
Daily / 4-hourIt is testing a new support level again, maintaining a borderline upward trend. I do not think they will push through this level with intervention, so whether it breaks lower or holds will be up to the market's judgment.
Gold
WeeklySince currency value is perceived to be falling, gold is expected to rise in the long term.
Daily / 4-hourRecent high and low on the 4-hour chart have become noticeable levels, making it easy to anticipate which direction it will break. In the near term, there is still no clear sense of direction.
S&P 500
WeeklyIt has surpassed the recent high and the uptrend continues. Culturally, there tends to be buying interest.
Daily / 4-hourIf it does not rise to new highs soon, it may test the downside. If it breaks the daily uptrend line, caution is warranted.
WeeklyThe uptrend continues, but it is uncertain whether it will rise sharply to the near-term ceiling of 80,000.
Daily / 4-hourIt seems likely to target the daily high, but there is currently no clear direction in the near term. Since it has broken above the trendline, buying may be warranted or at least be cautious.
The attached image shows the indicators used below.
If you are interested, please take a look.