Fundamental Market Analysis for June 10, 2026 EURUSDEuro/US DollarSAXO:EURUSDFresh-Forexcast2004USD/JPY is holding near 160.350–160.400, close to levels that continue to attract the attention of Japanese authorities. Despite expectations that the Bank of Japan may raise interest rates at its upcoming meeting, the yen has not received sustained support. Much of the rate increase appears to be priced in. A stronger policy signal from the central bank, or direct action by the authorities, would likely be needed to reverse the pair lower. The US dollar is supported by expectations ahead of the US inflation data and by continued demand amid geopolitical tension. If May inflation confirms persistent price pressure, market participants may again increase expectations that the Federal Reserve will keep rates higher. In this scenario, the yield gap between the United States and Japan would remain an important argument in favor of USD/JPY buyers. The risk of intervention by Japanese authorities remains elevated, so any upward movement may be uneven. Still, the fundamental backdrop does not yet provide the yen with enough support for a confident recovery. Energy imports are becoming more expensive, price pressure in Japan is rising, and the US dollar remains in demand. The base-case scenario for today is a cautious rise in USD/JPY with strict risk control. Trading idea: BUY 160.350, SL 160.050, TP 161.250