USDJPY has a bearish seasonal tendency in August, with only 4 August’s since 2002 being positive months for the forex major. That means that over the last 19 years, 79% of Augusts USDJPY has closed lower than it opened. See the seasonality data below!

So What Is Next For USDJPY?

So far this month USDJPY has mostly appreciated, apart from a recent drop. Price has recently rebounded out of a key resistance zone, breaking the support trendline and turning leading technical indicators bearish. Is this the start of a larger downturn for the pair? Will the seasonal bias play out this month? It seems likely, with growing concerns over US Inflation.