USD/JPY: RSI 25.43 (1st pct)

On 2026-08-06, USD/JPY closed at 157.6, down 0.06% on the day. It trades at 64.1% of its 52-week range. Its RSI(14) of 25.43 is in the 1st percentile of its history since 1996, and its 20-day return of -3.04% in the 11th percentile. RSI below 30 is conventionally termed oversold. Leveraged-money positioning is net -23.6% of open interest, at 23% of its own two-year positioning range. It is trading below its 20-, 50- and 200-day moving averages. Its 20/50/200-day moving averages are 161.677 / 161.253 / 158, with price -2.52% / -2.27% / -0.25% against them. Its 52-week range is 146.217–163.979; it closed 3.89% below the high and 7.79% above the low. Its 20-day volatility is 0.592% daily, in the 56th percentile of its history since 1996. Its 14-day average true range (ATR) is 1.38 (138 pips), 0.88% of price. It has returned -3.49% over 5 days and -0.16% over 60 days.

=== USD/JPY  (pip 0.01) ===
  >> close 157.600  -0.058%   · price < all MAs; RSI(14) 25.43 (1st pct, since 1996 (7695 obs))
     cross-signal: flow signals align USD/JPY down: 20d return, daily %
  price & change   (as of 2026-08-06, prior 2026-08-05)
    close       157.600
    change      -0.092  (-0.058%, -9.2 pips)
    gap         -0.028  (-2.8 pips)
  range            (as of 2026-08-06)
    range       0.881  (88.1 pips)
    close pos   0.1% of range
  moving averages  (as of 2026-08-06)
     20d MA     161.677   price below by -2.52%
     50d MA     161.253   price below by -2.27%
    200d MA     158.000   price below by -0.25%
    price < all MAs
    stack: 20d > 50d > 200d
  volatility       (as of 2026-08-06)
    20d stdev   0.592% daily ≈ 9.4% annualized (×√252)   (56th pct of own history, since 1996 (7689 obs))
    vs easing-2024 avg  0.99× (0.592% vs 0.595% era avg)
  ATR              (as of 2026-08-06)
    ATR(14)    1.380  (138.0 pips)
    ATR%        0.88%   (46th pct of own history, since 1996 (7695 obs))
    range/ATR   63.8%
  52-week range    (as of 2026-08-06)
    high        163.979   (-3.89% from high)
    low         146.217   (+7.79% from low)
  momentum         (as of 2026-08-06)
    RSI(14)     25.43   (1st pct of own history, since 1996 (7695 obs))
  returns          (as of 2026-08-06)
     5d return  -3.49%
    20d return  -3.04%
    60d return  -0.16%
  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      0.5955%
  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 2026-08-06)
    vs DXY      +0.65
    vs S&P 500  -0.22
    vs DXY beta +0.81 (26w)