Week Ahead, 10–14 August: Yen Intervention Holds as RBA’s Rate Cal-l, US CPI, and the CLARITY Act’s Recess Failure Set the -Asian Session Agenda | Technical Analysis – Asian Session | 08-08-2026
Week Ahead, 10–14 August: Yen Intervention Holds as RBA’s Rate Call, US CPI, and the CLARITY Act’s Recess Failure Set the Asian Session Agenda | CSFX Asian Session Weekly
trade ideas and economic calendar for week of 10–14 August 2026.”>
Asian Market Weekly Technical Analysis
Saturday 8 August 2026 · Week of 10–14 August 2026 · Full Asian Trading Week
Week Ahead, 10–14 August: Yen Intervention Holds as RBA’s Rate Call, US CPI, and the CLARITY Act’s Recess Failure Set the Asian Session Agenda
USD/JPY 158.41 · AUD/USD 0.7030 · Copper $6.66/lb · Hang Seng 25,853 · Litecoin $45.50 · XRP $1.03
RBA Rate Decision Tue 11 Aug · US CPI Wed 12 Aug · China CPI/PPI Mon 10 Aug · Full Asian session trade ideas and economic calendar for week of 10–14 August 2026
USD/JPY·AUD/USD·Copper·Hang Seng·Litecoin·XRP
Last Week at a Glance · 3–7 August 2026
USD/JPY
158.41
▲ +0.60% wk
The pair stabilized after Washington and Tokyo confirmed a coordinated intervention, with Treasury Secretary Scott Bessent reaffirming continued US backing for Japan’s yen defense and signalling readiness for more if needed.
AUD/USD
0.7030
▲ +0.76% wk
The Aussie held near its best level in seven weeks, lifted by broad US dollar softness that deepened after Friday’s shockingly weak July jobs report.
Copper (COMEX)
$6.66/lb
▲ +1.52% wk
Copper pushed to fresh record highs as the DRC’s ban on concentrate exports, a two-year suspension at part of Codelco’s El Teniente mine, and tariff-driven US stockpiling all tightened the visible global supply picture.
Hang Seng Index
25,853
▼ -0.12% wk
Hong Kong equities snapped a six-session winning streak on Tuesday as investors booked profits after China’s July PMI data showed both services activity and overall private-sector growth slowing.
Litecoin (LTC)
$45.50
▼ -0.45% wk
LTC drifted in a tight range, holding above the closely watched $44 support zone but without the conviction needed to challenge its 200-day average.
XRP
$1.03
▼ -2.83% wk
XRP slid toward the bottom of its 52-week range as the Senate confirmed it would leave for its August recess without a floor vote on the CLARITY Act, removing the token’s clearest near-term regulatory catalyst.
The week of 3–7 August 2026 in the Asian session was dominated by confirmation, not speculation. The US Treasury and Japan’s Ministry of Finance jointly confirmed a coordinated currency intervention, with Secretary Bessent stating publicly that Washington had backed Tokyo’s operation to help stabilize the yen and signalling that further coordinated action remained on the table. That confirmation, following a period in which markets had only suspected official involvement, helped USD/JPY stabilize in the high 157s to low 158s for most of the week, even as Japan’s Ministry of Finance has yet to release the monthly intervention data (not due until 31 August) that would formally verify the size of the operation. Elsewhere, China’s twin Caixin/RatingDog PMI releases came in on the soft side, with both the services and composite readings pointing to slowing private-sector momentum, which triggered Tuesday’s profit-taking in the Hang Seng after a six-session rally. The week’s biggest surprise arrived Friday, when the US Bureau of Labor Statistics reported that nonfarm payrolls unexpectedly fell by 23,000 in July — the first outright monthly decline in some time — alongside a combined 103,000 downward revision to the May and June prints. The unemployment rate ticked down to 4.1%, but for the wrong reasons, as labor-force participation slipped. Fed officials, who had voted 9-3 to hold rates the previous week with several members flagging a possible September hike, saw market-implied odds of that hike cut roughly in half within hours of the report. In Washington, the Senate confirmed on Thursday that it would not hold a floor vote on the CLARITY Act before its scheduled recess, dealing a setback to the crypto industry’s push for comprehensive market-structure legislation this year and leaving XRP to trade purely on technicals into the new week. The set-up into the new week centers on whether the joint yen intervention holds without a fresh trigger, whether the RBA’s Tuesday decision and Wednesday’s US CPI report reshape rate expectations after Friday’s jobs shock, and how markets recalibrate crypto’s regulatory timeline now that the Senate has left Washington until 14 September.
📋 This Week at a Glance · 10–14 August 2026
RBA’s Rate Call, US CPI, and the CLARITY Act’s Recess Failure Define the Asian Session This Week, 10–14 August
The week of 10–14 August 2026 opens the Asian session with USD/JPY at 158.41, holding the gains from last week’s confirmed joint US-Japan intervention. With no Bank of Japan meeting scheduled — the next decision is not due until September — the pair’s near-term path again depends on whether officials are prepared to act a second time if yen weakness resumes, a question complicated by a US rate outlook that just softened materially after Friday’s shock jobs loss. The week’s clearest scheduled catalyst for AUD/USD is Tuesday’s Reserve Bank of Australia decision at 2:30pm AEST, where all four major Australian banks now expect a hold at 4.35% following softer-than-forecast June-quarter inflation, even as Westpac remains the lone major forecaster still calling for a hike. China’s July CPI and PPI data, typically released early in the second week of the month, lands Monday and will be read alongside the softer PMI prints from last week for a fuller picture of domestic demand — relevant for both AUD/USD and copper. In the US, Wednesday’s Consumer Price Index report for July carries outsized weight given Friday’s payrolls shock; a soft print would reinforce the case for a Fed pause, while a hot one would revive the growth-versus-inflation tension that has divided the FOMC for months. In crypto, the Senate’s confirmed failure to hold a CLARITY Act vote before recess removes the year’s clearest scheduled catalyst for XRP, pushing any comprehensive US crypto market-structure legislation to no earlier than mid-September when the chamber reconvenes, while Litecoin’s ability to defend the $44 area remains the more actionable near-term technical story.
🇯🇵 Yen Intervention Watch Continues🇦🇺 RBA Rate Decision Tue 2:30pm AEST🇺🇸 US CPI (July) Wed🇨🇳 China CPI/PPI Mon⚖️ CLARITY Act Slips to September
Four threads carry into the Asian session this week, each tied to its own asset: continued intervention-watch positioning for USD/JPY, sitting at 158.41 after last week’s confirmed joint operation; Tuesday’s RBA decision and Wednesday’s US CPI for AUD/USD (0.7030); a still-tightening supply picture for copper ($6.66/lb) after fresh record highs; and a newly catalyst-free stretch for XRP ($1.03) and Litecoin ($45.50) now that the CLARITY Act has slipped to September.
1. USD/JPY — does the confirmed intervention hold without a repeat?USD/JPY at 158.41 enters the week having stabilized after Washington and Tokyo jointly confirmed a coordinated currency operation, with Treasury Secretary Bessent reiterating continued US support and signalling readiness for further action. With no BOJ meeting until September and official intervention data not due until 31 August, CSFX sees this week’s real test as whether the current calm holds if yen weakness resumes toward the 160–162 area, or whether Friday’s shockingly weak US jobs report has already done some of the work by softening the rate differential that has driven yen weakness all year.
2. AUD/USD — the RBA’s rate call meets a wounded US dollar.AUD/USD at 0.7030 sits near a seven-week high heading into Tuesday’s Reserve Bank of Australia decision, where all four major domestic banks now expect a hold at 4.35% after softer-than-forecast June-quarter inflation, though Westpac remains the lone major forecaster still calling for a hike. The bigger swing factor may end up being Wednesday’s US CPI report, which lands just days after a shockingly weak July jobs print already cut the market-implied odds of a September Fed hike roughly in half.
3. Copper and the Hang Seng — a supply squeeze meets a softening PMI backdrop.Copper at $6.66/lb pushed to fresh record highs last week as the Democratic Republic of Congo’s export ban on copper concentrates, a suspension of part of Codelco’s flagship El Teniente mine, and tariff-driven US stockpiling all tightened the visible global supply picture — a structural story that has so far overridden any softness in Chinese demand data. The Hang Seng, at 25,853, snapped a six-session win streak after last week’s China PMI data showed slowing private-sector momentum; Monday’s July CPI/PPI release is the next data point CSFX is watching for confirmation of whether that slowdown is broadening.
4. XRP and Litecoin — trading without a catalyst after the CLARITY Act’s recess failure. With the Senate confirming it will not hold a floor vote on the CLARITY Act before its August recess — leaving lawmakers away from Washington until 14 September — XRP at $1.03 has lost its clearest near-term regulatory catalyst and now sits near the bottom of its familiar $1.00–$1.15 range. Litecoin, at $45.50, faces a more purely technical question this week: whether it can continue to defend the $44 support zone that has drawn repeated attention over the past month.
USD/JPY
158.41
▲ +0.60% wk · Holding gains after confirmed intervention
No BOJ meeting this week; watch for renewed weakness toward 160+
AUD/USD
0.7030
▲ +0.76% wk · Near a seven-week high
RBA decision Tuesday · US CPI Wednesday
Copper (COMEX)
$6.66/lb
▲ +1.52% wk · Fresh record highs
DRC export ban and Codelco supply risk in focus
Hang Seng Index
25,853
▼ -0.12% wk · Six-session rally snapped
China CPI/PPI Monday the next confirmation point
Litecoin (LTC)
$45.50
▼ -0.45% wk · Holding above $44 support
$44.00 the level to defend this week
XRP
$1.03
▼ -2.83% wk · Near the bottom of its range
CLARITY Act now delayed to mid-September at the earliest
Section 2 · What Moves Markets This Week
Three Forces That Will Drive the Asian Session — 10 to 14 August 2026
The scheduled Asian-session catalysts that will set the direction across FX, equities, and digital assets for the week of 10–14 August 2026
🇯🇵
Force 1 · Does the Confirmed Yen Intervention Hold Without a Second Round?
USD/JPY at 158.41 has stabilized since Washington and Tokyo jointly confirmed a coordinated operation and Secretary Bessent signalled readiness for more. With no BOJ meeting until September and official intervention data not due until 31 August, CSFX sees a fresh push toward 160–162 as the trigger most likely to test whether officials are willing to act a second time, though a softer US rate outlook after Friday’s jobs shock works in the yen’s favor for now.
🇦🇺
Force 2 · The RBA’s Decision and US CPI Reprice Two Rate Paths at Once
Tuesday’s RBA decision (2:30pm AEST) is widely expected to be a hold at 4.35%, but Wednesday’s US CPI report is arguably the bigger event, landing days after a shock 23,000 drop in July payrolls already cut September Fed hike odds roughly in half. A soft CPI print would cement a dovish Fed narrative that should support AUD/USD broadly; a hot one would reopen the growth-versus-inflation debate that has divided the FOMC for months.
⚖️
Force 3 · Crypto’s Regulatory Clock Resets After the CLARITY Act’s Recess Failure
The Senate’s confirmed decision to leave for recess without a CLARITY Act floor vote pushes any comprehensive US crypto market-structure legislation to no earlier than 14 September, when the chamber reconvenes. With the year’s clearest scheduled catalyst now off the table, CSFX expects XRP to trade as a pure range/technical instrument this week, while attention shifts toward what the SEC and CFTC can accomplish administratively in the interim.
Section 3 · Trade Setups
Asian Session Weekly Trade Ideas
Six instrument-specific setups with entry, stop, and target levels for the week of 10–14 August 2026. All levels for reference only; not financial advice. Fund your deposit and visit capitalstreetfx.com for live signals and other markets.
USD/JPY
158.41
▲ +0.60% wk · Holding gains after confirmed intervention
■ NEUTRAL / FADE RALLIES TOWARD 161.50
Entry (Short)
161.50
Stop Loss
163.50
Take Profit
156.00
Thesis — Fade Rallies Toward 161.50; Intervention Risk Caps Upside Absent a New Trigger
With the joint US-Japan operation now officially confirmed and Bessent signalling readiness for a repeat, CSFX sees limited appetite among officials to tolerate a fast return toward the levels that triggered last week’s action. Friday’s shockingly weak US jobs report adds a second reason for caution on dollar strength, having already cut September Fed hike odds sharply. CSFX favors fading pushes back toward 161.50 rather than chasing a re-test of the pre-intervention highs.
Chart by TradingView
AUD/USD
0.7030
▲ +0.76% wk · Near a seven-week high
▲ BULLISH / BUY DIPS TO 0.6970
Entry (Long)
0.6970
Stop Loss
0.6900
Take Profit
0.7150
Thesis — Buy Dips to 0.6970; A Dovish Fed Repricing Should Outweigh an Expected RBA Hold
An RBA hold at 4.35% is now the consensus call and should be broadly priced in, leaving Wednesday’s US CPI report as the more market-moving event for this pair. With Friday’s jobs shock already reshaping Fed rate expectations, CSFX sees the balance of risk favoring continued US dollar softness, which should support AUD/USD through the broader dollar-weakness channel even if the RBA itself delivers no surprises.
Chart by TradingView
Copper (COMEX)
$6.66/lb
▲ +1.52% wk · Fresh record highs
▲ BULLISH / ACCUMULATE DIPS TO $6.40
Entry (Long)
$6.40
Stop Loss
$6.15
Take Profit
$7.10
Thesis — Structural Supply Squeeze Overrides Softer China Data; Dips Remain a Buying Opportunity
Copper’s push to fresh record highs is being driven by genuine supply-side stress — the DRC’s concentrate export ban, a multi-year suspension at part of Codelco’s El Teniente mine, and record US import volumes ahead of possible tariffs — rather than purely by demand optimism. That combination means even last week’s softer China PMI data did little to dent the bid. CSFX continues to view pullbacks toward $6.40 as accumulation opportunities while the supply story remains intact.
Chart by TradingView
Hang Seng Index
25,853
▼ -0.12% wk · Six-session rally snapped
■ RANGE-BOUND / BUY DIPS TO 25,300
Entry (Long)
25,300
Stop Loss
24,700
Take Profit
26,700
Thesis — Trade the 25,200–26,700 Range Until China’s Data Breaks It One Way
Technical analysis places the index between support near 25,200 and resistance near 26,700, and last week’s profit-taking after softer PMI data reinforces that range rather than breaking it. Monday’s China CPI/PPI release is the next data point that could tip sentiment; CSFX treats a confirmed dip toward 25,300 as a buying opportunity within the range rather than a reason to chase a breakout in either direction this week.
Chart by TradingView
Litecoin (LTC)
$45.50
▼ -0.45% wk · Holding above $44 support
■ NEUTRAL / ACCUMULATE ON DIP TO $44.00
Entry (Long)
$44.00
Stop Loss
$40.00
Take Profit
$52.00
Thesis — Wait-and-Confirm at $44; a Broader Crypto Catalyst Vacuum Argues for Patience
LTC continues to hold above the $44 area that has drawn repeated attention over the past month, but with the CLARITY Act’s failure to advance removing a key sector-wide catalyst this week, CSFX sees limited reason to chase strength. A confirmed dip that holds above $44 and forms a higher low would strengthen the bullish case; a decisive break below would revive the downside chatter that has surrounded the token in recent weeks.
Chart by TradingView
XRP
$1.03
▼ -2.83% wk · Near the bottom of its range
■ RANGE-BOUND / BUY DIPS TO $0.98
Entry (Long)
$0.98
Stop Loss
$0.90
Take Profit
$1.14
Thesis — Range Trade Only; the CLARITY Act’s Failure Removes This Year’s Clearest Catalyst
With the Senate confirming it will leave for recess without a CLARITY Act vote, XRP has lost the regulatory catalyst that had underpinned much of its 2026 narrative, and the token now sits near the lower end of its familiar range. CSFX sees dips toward $0.98–$1.00 as more attractive entries than chasing any bounce toward resistance, given that the next realistic legislative catalyst is no earlier than mid-September.
Chart by TradingView
Section 4 · Key Catalysts
What Could Move Asian Markets Sharply This Week
The scheduled and unscheduled events that CSFX is watching most closely for the Asian session, 10–14 August 2026
FX INTERVENTION
BOJ / MOF Intervention Watch — Any Time This Week
Last week’s joint US-Japan operation is now officially confirmed, with Secretary Bessent signalling continued backing and readiness for more. Japan’s monthly intervention data isn’t due until 31 August, so the market is still trading the confirmed fact rather than the confirmed size. Renewed yen weakness toward 160+ is the level CSFX sees as most likely to invite a second round.
MACRO
China Consumer & Producer Price Index (July) — Monday, 10 August
China’s first major data point of the week arrives just days after softer-than-expected Caixin/RatingDog PMI readings. A continued cooling in CPI, alongside the well-documented PPI-CPI “scissors gap,” would sharpen questions about domestic demand that are directly relevant for AUD/USD, copper, and the Hang Seng.
CENTRAL BANK
RBA Rate Decision & Statement on Monetary Policy — Tuesday, 11 August
The Reserve Bank of Australia’s Monetary Policy Board meets 10–11 August and announces its decision at 2:30pm AEST alongside the quarterly Statement on Monetary Policy. All four major domestic banks now expect a hold at 4.35% after softer June-quarter inflation, though Westpac remains the outlier calling for a hike; Governor Bullock’s press conference at 3:30pm AEST is the key signal to watch regardless of the outcome.
INFLATION
US Consumer Price Index (July) — Wednesday, 12 August
This month’s CPI report carries outsized weight after Friday’s shock 23,000 drop in nonfarm payrolls, which already cut market-implied odds of a September Fed hike roughly in half. A soft print would reinforce the case for a Fed pause; a hot one would revive the growth-versus-inflation tension that has divided the FOMC in recent meetings.
CRYPTO / POLICY
CLARITY Act’s Recess Failure & the SEC/CFTC Fallback — Throughout the Week
With the Senate confirming it will not vote on the CLARITY Act before leaving for recess until 14 September, attention shifts to what the SEC and CFTC can accomplish administratively under existing authority in the interim. CSFX sees no realistic path to a fresh legislative catalyst for XRP this week.
SUPPLY
Copper Supply Watch — DRC Export Ban & Codelco Outage
The Democratic Republic of Congo’s ban on copper concentrate exports and the extended suspension of part of Codelco’s El Teniente mine remain the structural forces behind copper’s push to record highs. Any fresh developments on either front, or on the prospect of US import tariffs, could extend the move further in either direction this week.
Section 5 · Economic Calendar
Asian Session — Economic Calendar, 10–14 August 2026
All times approximate, Hong Kong Time (HKT, UTC+8). Key releases for USD/JPY, AUD/USD, Copper, Hang Seng, Litecoin, and XRP.
Day
Time (HKT)
Release
Impact
Forecast
CSFX View
Monday, 10 August
Mon
~09:30 HKT
China Consumer Price Index (July)
HIGH
~1.1% YoY
The week’s first scheduled read on Chinese domestic demand following last week’s softer PMI prints, directly relevant for AUD/USD, copper, and the Hang Seng.
Mon
~09:30 HKT
China Producer Price Index (July)
MED
N/A
The PPI-CPI “scissors gap” has been widening for months; a further widening would point to continued margin pressure for downstream manufacturers even as upstream producers benefit.
Mon
All Day
USD/JPY Intervention-Aftermath Positioning
MED
N/A
With no scheduled central-bank event, Monday’s session sets the tone for how much conviction remains behind last week’s confirmed joint intervention.
Tuesday, 11 August
Tue
~12:30 HKT
RBA Rate Decision & Statement on Monetary Policy
HIGH
Hold at 4.35%
The week’s single most important scheduled event for AUD/USD. A hold is widely expected; Governor Bullock’s press conference an hour later is the more important signal for the path into 2027.
Tue
Morning AEST
Australia NAB Business Confidence (July)
LOW
N/A
A secondary data point that lands just ahead of the RBA decision; a notable surprise either way could shift near-term positioning into the announcement.
Wednesday, 12 August
Wed
~20:30 HKT
US Consumer Price Index (July)
HIGH
N/A
The week’s highest-impact release. Landing days after a shock jobs loss, this print will heavily influence whether markets keep pricing out a September Fed hike or reconsider.
Wed
All Day
Litecoin $44 Support Watch
LOW
N/A
With LTC having held the $44 area for several weeks now, Wednesday’s price action is an early tell for whether a genuine base is forming.
Thursday, 13 August
Thu
~20:30 HKT
US Initial Jobless Claims
MED
N/A
Weekly claims data lands late Thursday Asia time; given last Friday’s payrolls shock, a further deterioration would add to growth-scare concerns already in the market.
Thu
All Day
China Trade & Credit Data (July, if released)
MED
N/A
Any follow-through commentary on China’s already-strong July trade surplus, alongside new bank lending figures, would round out the picture on domestic and export demand.
Friday, 14 August
Fri
Morning HKT
Japan Q2 GDP (Preliminary)
MED
N/A
A weak reading would complicate the case for the BOJ to keep tightening at its September meeting, while a resilient one would support the case that intervention-era yen weakness has not derailed the domestic recovery.
Fri
All Day
XRP Weekly Close vs. $1.00–$1.15 Range
MED
N/A
With the CLARITY Act catalyst now off the table until at least mid-September, this week’s close is purely a technical/positioning story within the established range.
Section 6 · FAQ
Asian Session — Trader Questions Answered
Key questions from CSFX clients ahead of the RBA’s rate decision, US CPI, and the CLARITY Act’s recess failure
The yen intervention is now confirmed rather than suspected. Does that change how CSFX trades USD/JPY this week?
It changes the confidence level more than the strategy itself. Confirmation removes the uncertainty over whether officials acted at all, but it does not tell traders the size of the operation — that data isn’t due until 31 August. What matters for this week is that Secretary Bessent has publicly signalled continued US backing and readiness for further action, which CSFX reads as a genuine deterrent against fast yen weakness returning toward the levels that triggered last week’s move. The trading implication is the same as before: fade sharp rallies rather than chase them, because the asymmetry still favors officials stepping in again if positioning reasserts itself.
Friday’s US jobs report showed a loss of 23,000 positions. Why does that matter for a week with no FOMC meeting?
Because it materially shifted what markets expect the Fed to do at its next meeting in September, and rate expectations move currencies well before the meeting itself happens. Within hours of the report, market-implied odds of a September hike were cut roughly in half. That repricing is already showing up in a softer US dollar tone, which is one reason CSFX sees AUD/USD support this week even with the RBA itself expected to deliver an uneventful hold. Wednesday’s CPI report is the next data point that could either reinforce or challenge that dovish repricing.
The RBA is widely expected to hold rates. Is Tuesday’s decision still worth watching closely?
Yes, though for a different reason than usual. With a hold priced in by all four major domestic banks, the decision itself is unlikely to move AUD/USD much. What matters more is the quarterly Statement on Monetary Policy released alongside it, and Governor Bullock’s press conference an hour later — both of which will shape expectations for whether the RBA’s next move, whenever it comes, is more likely to be a hike or a hold. Westpac’s continued outlier call for a hike means any hawkish language in the statement could still surprise a market that has largely priced out near-term tightening.
Now that the CLARITY Act has failed to get a Senate vote before recess, what happens to XRP’s regulatory story?
The bill is not dead, but its timeline has reset. The Senate will not reconvene until 14 September, meaning any comprehensive US crypto market-structure legislation is off the table until at least then, and possibly further given how compressed the post-recess legislative calendar tends to be around midterm-year politics. In the interim, the SEC and CFTC retain the ability to advance narrower administrative rulemaking under existing authority, but that is a different and less durable form of clarity than a statute. For this week specifically, CSFX sees no realistic path to a fresh legislative catalyst, which is why XRP is treated as a pure range trade rather than an event trade.
What is CSFX’s single highest-conviction trade for the week of 10–14 August?
CSFX’s highest-conviction setup is accumulating copper on confirmed dips toward $6.40, given how clearly supply-side forces — the DRC’s export ban, the Codelco outage, and tariff-driven US stockpiling — have overridden softer Chinese demand data in recent weeks. The second-highest-conviction idea is buying AUD/USD dips toward 0.6970, contingent on Wednesday’s US CPI report reinforcing rather than reversing the dovish Fed repricing that followed Friday’s weak jobs data.
CSFX View · Week of 10 August 2026
CSFX View: Intervention Holds, RBA and US CPI Reprice Two Rate Paths, and the CLARITY Act Slips to September
The week of 10–14 August 2026 opens the Asian session with USD/JPY at 158.41, holding the gains from last week’s officially confirmed joint US-Japan intervention, while AUD/USD at 0.7030 sits near a seven-week high on the back of broad US dollar softness that deepened after Friday’s shock 23,000 drop in US nonfarm payrolls. Copper at $6.66/lb continues to push to fresh record highs on a genuine supply squeeze, while the Hang Seng at 25,853 consolidates within its established range after last week’s softer China PMI data ended a six-session rally. In crypto, Litecoin at $45.50 continues to defend its $44 support zone, while XRP at $1.03 now trades without its clearest 2026 catalyst after the Senate confirmed it would leave for recess without a CLARITY Act vote.
Tuesday’s RBA decision should be a non-event on its own, but Wednesday’s US CPI report carries genuine weight given how much Friday’s jobs shock already shifted September Fed rate expectations. USD/JPY’s path this week depends less on any single data point and more on whether officials’ confirmed willingness to intervene again deters a fast return toward 160+. In commodities, copper’s structural supply squeeze argues for continued dip-buying regardless of near-term China data softness. The Hang Seng’s range between roughly 25,200 and 26,700 should hold until Monday’s China CPI/PPI data or a fresh regional catalyst breaks it one way or the other. In crypto, both XRP and Litecoin are best approached as technical range trades this week, with the sector’s next realistic legislative catalyst not arriving before the Senate reconvenes on 14 September.
CSFX’s highest-conviction setups for the week are: accumulating copper on confirmed dips toward $6.40 given the intact supply squeeze, and buying AUD/USD on dips toward 0.6970 contingent on Wednesday’s US CPI reinforcing the dovish Fed repricing. USD/JPY is a fade on rallies toward 161.50 given continued intervention risk; the Hang Seng is a buy on a confirmed dip toward 25,300 within its range; XRP is a buy on dips to $0.98 within its lower range; and Litecoin remains a patient $44.00 accumulation play pending confirmation of a genuine base. CSFX will issue intra-week alerts if Japanese or US authorities appear to intervene again, if Wednesday’s US CPI surprises materially in either direction, if the RBA delivers a surprise hike, or if Litecoin closes a session decisively below $44. Follow all updates at capitalstreetfx.com.
New clients can also take advantage of a limited-time deposit bonus when they open an account this week, on top of the usual account benefits — tight spreads, high leverage, and access to 2000+ instruments across FX, commodities, indices, and crypto. Full terms and other promotions are available on the CSFX website.
