New York Open Briefing: Thursday, September 3, 2026
The New York session opens with the Japanese Yen as the strongest currency over the last 24 hours, gaining +1.75%. This strength is reflected in pairs like USDJPY, down -1.18%, and GBPJPY, down -1.17%. The US Dollar has shown weakness, declining -0.82% over the same period, contributing to a slight risk-off tone measured at -0.27. Notably, crowd positioning on GBPJPY has seen a significant shift, moving from 56% short to 50% long in 24 hours.
Recent data releases include US Initial Jobless Claims at 203K, slightly below the 205K consensus. Mexico’s Consumer Confidence Indicator printed at 46.1, surpassing the 45.4 consensus. In Europe, Spain’s 5-Year Bonos Auction yielded 3.255%, and Germany reported New Car Registrations up 2.6% year over year.
Looking ahead, the US economic calendar features several high-impact releases. Traders will monitor the S&P Global Services PMI at 13:45 UTC, with a consensus of 55.4, and the ISM Non-Manufacturing PMI at 14:00 UTC, where the consensus is 53.8. Also due at 14:00 UTC is ISM Non-Manufacturing Prices Paid, with a consensus of 68.2. BoE MPC Member Pill is scheduled to speak at 17:15 UTC.
All eyes will likely be on the ISM Non-Manufacturing PMI data for further direction in the US Dollar.
| At a glance | |
|---|---|
| Biggest moves since the previous session | USDJPY -1.18%, JP225 -1.18%, GBPJPY -1.17% |
| Currency strength, 24h | JPY strongest at +1.75%, USD weakest at -0.82% |
| Risk meter | -0.27 (risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 13:45 UTC | USD | S&P Global Services PMI | High | 55.4 |
| 13:45 UTC | USD | S&P Global Composite PMI | Medium | 54.1 |
| 14:00 UTC | USD | ISM Non-Manufacturing PMI | High | 53.8 |
| 14:00 UTC | USD | ISM Non-Manufacturing Prices Paid | High | 68.2 |
| 14:00 UTC | USD | ISM Non-Manufacturing Employment | Medium | 48.4 |
| 14:00 UTC | USD | ISM Services PMI | Medium | 54.2 |
| 17:15 UTC | GBP | BoE MPC Member Pill Speech | Medium | – |
| 23:30 UTC | JPY | Household Spending m/m | Medium | -3.9% |
Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.