Bollinger Bands

The Nasdaq 100 is trading in a compressed volatility setup, with Bollinger Bands tightening around the index as Elliott Wave scenarios point to sharply different outcomes. Technical traders are watching 30,195 as a key bullish confirmation area, while weakness below the lower band could revive downside targets near 27,732 and 26,900.

USDJPY is holding near the ¥157.50 to ¥157.80 area after a sharp retreat from the ¥163.00 zone, with oversold technical signals supporting a tentative bounce. Traders are watching whether softer US jobs data and inflation signals can keep pressure on the pair, while fresh intervention remains a key risk.

USD/JPY has stabilized around the 157.50 to 157.80 area after a sharp retreat from the 163.00 zone, with oversold technical signals helping the pair find a near-term floor. Traders are weighing the impact of major intervention, uncertain Bank of Japan tightening prospects, and reduced expectations for two Federal Reserve hikes before year-end.

Bitcoin has been locked in a narrow trading range between $62,000 and $65,000, while a key volatility gauge has tightened to its lowest level since January. Market participants are watching for a decisive move, though the direction of the next breakout remains uncertain.

Bitcoin spot ETFs are on pace for their weakest monthly net inflows on record, with July demand falling to just $205 million. Ether funds have held up better, while traders watch a tight BTC volatility setup and incoming U.S. inflation and growth data.

Bitcoin is attempting to stabilize after its recent sell-off, with spot Bitcoin ETF inflows and softer jobs data offering short-term support. Technical signals remain cautious, however, as BTC/USD trades below key trend measures and market participants watch 58,000 support against 66,000 resistance.