U.S. Dollar Tests New Lows Against Japanese Yen: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. Dollar Tests New Lows Against Japanese Yen: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/u-dollar-tests-lows-against-165555607.html
Published: Sep 07, 2026 12:55 PM

U.S. Dollar Retreats On Labor DayDXY 070926 4h Chart U.S. Dollar Index is losing ground in absence of major economic news due to Labor Day in the U.S. The nearest support level for U.S. Dollar Index is located in the 98.60 – 98.75 range. In case U.S. Dollar Index manages to settle below the 98.60 level, it will head towards the next support at 97.70 – 97.85. RSI is in the moderate territory, so there is plenty of room to gain additional downside momentum in the near term. I believe that traders should watch the movements of the Japanese yen closely (more on this later) to determine whether U.S. Dollar Index has a good chance to test new lows this week. EUR/USD Moves Higher As Traders Weigh E...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.