USD/JPY: RSI 24.36 (1st pct)

On 2026-08-03, USD/JPY closed at 157.582, down 1.62% on the day. It trades at 64.0% of its 52-week range. Its RSI(14) of 24.36 is in the 1st percentile of its history since 1996, and its 20-day return of -2.40% in the 16th percentile. RSI below 30 is conventionally termed oversold. Leveraged-money positioning is net -23.6% of open interest, in the 23rd percentile of its own two-year range. It is trading below its 20-, 50- and 200-day moving averages. Its 20/50/200-day moving averages are 162.385 / 161.352 / 157.928, with price -2.96% / -2.34% / -0.22% against them. Its 52-week range is 146.217–163.979; it closed 3.90% below the high and 7.77% above the low. Its 20-day volatility is 0.608% daily, in the 59th percentile of its history since 1996. Its 14-day average true range (ATR) is 1.544 (154.4 pips), 0.98% of price. It has returned -3.68% over 5 days and +0.46% over 60 days.

=== USD/JPY  (pip 0.01) ===
  >> close 157.582  -1.624%   · price < all MAs; RSI(14) 24.36 (1st pct, since 1996 (7692 obs))
     cross-signal: flow signals align USD/JPY down: daily %, 20d return
  price & change   (as of 2026-08-03, prior 2026-07-31)
    close       157.582
    change      -2.601  (-1.624%, -260.1 pips)
    gap         -2.485  (-248.5 pips)  (cross-session move on continuous FX; not a feed gap)
  range            (as of 2026-08-03)
    range       2.613  (261.3 pips)
    close pos   89.0% of range
  moving averages  (as of 2026-08-03)
     20d MA     162.385   price below by -2.96%
     50d MA     161.352   price below by -2.34%
    200d MA     157.928   price below by -0.22%
    price < all MAs
    stack: 20d > 50d > 200d
  volatility       (as of 2026-08-03)
    20d stdev   0.608% daily ≈ 9.7% annualized (×√252)   (59th pct of own history, since 1996 (7686 obs))
    vs easing-2024 avg  1.02× (0.608% vs 0.597% era avg)
  ATR              (as of 2026-08-03)
    ATR(14)    1.544  (154.4 pips)
    ATR%        0.98%   (58th pct of own history, since 1996 (7692 obs))
    range/ATR   169.3%
  52-week range    (as of 2026-08-03)
    high        163.979   (-3.90% from high)
    low         146.217   (+7.77% from low)
  momentum         (as of 2026-08-03)
    RSI(14)     24.36   (1st pct of own history, since 1996 (7692 obs))
  returns          (as of 2026-08-03)
     5d return  -3.68%
    20d return  -2.40%
    60d return  +0.46%
  volatility by rate-era
    pre-crisis       0.8804%   (from 1996-10-30)
    ZIRP-2009        0.6396%
    tightening-2015  0.5829%
    ZIRP-2019        0.4159%
    tightening-2022  0.6795%
    easing-2024      0.5968%
  positioning      (as of 2026-07-28)  (predates 2026-07-29 FOMC)
    next COT     as of 2026-08-04 (released ~that Fri, later if a holiday intervenes)
    net         -101,990 contracts (net short JPY; = long USD in USD/JPY terms)
    net % OI    -23.6%
    net%OI range -33.5% … +10.5% (own 135w)
    w/w change  -5,805
  cross-asset corr (26w weekly returns; async daily closes cap the magnitude)  (as of 2026-08-03)
    vs DXY      +0.65
    vs S&P 500  -0.18
    vs DXY beta +0.81 (26w)