Japan wage growth strengthens case for further BoJ rate hikes
🇯🇵 Preliminary July data released by Japan’s MHLW on September 8 showed nominal wages rising 4.7% YoY, the fastest pace since 1997 and well above forecasts of around 3.8–3.9%.
💴 More importantly, regular pay increased 4.1%, the strongest growth since 1992, suggesting income gains are not being driven solely by summer bonuses. Real wages also rose 2.4%, the biggest increase since 2021 and the seventh consecutive month of growth.
📈 The figures strengthen the view that wage gains are becoming more embedded in regular incomes, supporting the case for further BoJ policy tightening in upcoming meetings.
⚖️ However, private consumption was flat in Q2, indicating that stronger incomes have yet to fully translate into domestic demand. The yen remains supported, while short-term JGB yields could face further upward pressure.
$RKLB – Liquidation Map (7 Days) – Current Price 64.9
🔎 The 7-day liquidation map shows roughly $3.0 million in long liquidations below the current price, slightly exceeding approximately $2.8–2.9 million in short liquidations above. The liquidity structure is therefore fairly balanced but still modestly tilted to the downside.
📉 Below the market, nearby long-liquidation liquidity remains relatively thin around 62.9–62.3 before increasing across 61.7–59.6. The strongest clusters sit near 59.9 with a bar close to $180,000 and around 61.0–61.1 with a bar near $170,000. Losing 62.9 would shift attention toward 61.7–61.0.
📈 Above the market, short-liquidation liquidity begins building around 65.7–66.3 and becomes much denser across 67.2–68.7. The strongest cluster sits near 67.4–67.5 with a liquidation bar around $200,000, while 68.6–68.7 also contains a bar around $140,000–145,000. Further out, liquidity remains present toward 70.5–70.8 but becomes thinner.
🧭 The broader setup modestly favors the downside because long-liquidation exposure below remains slightly larger. Losing 62.9 would increase the probability of a sweep toward 61.7–61.0, while breaking above 65.7 would shift attention toward 67.2–67.5 and then 68.6–68.7.
SC02 M1 - pending Long order. Entry contains POC + not affected by any weak zone, the current support zone is approximately 0.58% wide. The uptrend has lasted 3 hours 17 minutes, with a maximum recorded price increase of 4.18%. If price loses this support zone, the trend is highly likely to reverse downward.
SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is approximately 0.98% wide. The uptrend has lasted 10 hours 43 minutes, with a maximum recorded price increase of 10.10%. If price loses this support zone, the trend is highly likely to reverse downward.
Houthis expand attacks on Saudi Arabia as Brent approaches $100 amid rising supply risks
🚨 Saudi Arabia confirmed attacks on Abha, Khamis Mushait, Jazan and Najran that injured 73 civilians, with no deaths reported so far. The latest wave occurred on the morning of September 8, following reports that Jazan was hit on September 7.
🔥 The Saudi Energy Ministry said fires broke out at several energy facilities and some operations were temporarily suspended, but it has not disclosed the amount of capacity affected or the expected recovery timeline.
🛢️ Brent briefly reached $99.22 a barrel, its highest level since July 24, while WTI traded around $94.4. The price reaction currently reflects a higher geopolitical risk premium, as the scale of actual supply disruption remains unclear.
⚠️ Markets will now focus on Saudi Arabia’s response and further updates from Aramco. A prolonged outage or further escalation could keep the oil premium elevated, while a rapid operational recovery may allow prices to ease.
$AMD – Liquidation Map (7 Days) – Current Price 485.1
🔎 The 7-day liquidation map shows roughly $3.5 million in long liquidations below the current price, exceeding approximately $2.3 million in short liquidations above. The liquidity structure therefore favors the downside, with around 1.5 times more cumulative liquidity below the market.
📉 Below the market, nearby long-liquidation liquidity is concentrated around 480–474.7 but remains relatively moderate. Liquidity becomes denser from 466.9 down toward 445.3, while the strongest cluster sits around 433–441.7. The most notable bar is near 438.1 at almost $180,000, accompanied by several bars around $150,000 in the surrounding area. Losing 480 would shift attention toward 474.7–466.9.
📈 Above the market, short-liquidation liquidity begins building immediately from the 485–495 area, with several bars around $80,000–100,000. Liquidity remains dense across 498.7–509.5, including a bar near 505–506 approaching $100,000. Further out, 513–520 still holds moderate clusters before density fades sharply.
🧭 The broader setup favors the downside because long-liquidation exposure below is roughly 1.5 times larger. Losing 480 would increase the probability of a sweep toward 474.7–466.9, while breaking above 495 would shift attention toward 502–509.5.
SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is approximately 0.58% wide. The uptrend has lasted 5 hours 1 minute, with a maximum recorded price increase of 6.76%. If price loses this support zone, the trend is highly likely to reverse downward.
SC02 M1 - pending Long order. Entry contains POC + not affected by any weak zone, the current support zone is approximately 0.88% wide. The uptrend has lasted 4 hours 36 minutes, with a maximum recorded price increase of 8.00%. If price loses this support zone, the trend is highly likely to reverse downward.
India Faces Vegetable Oil Port Congestion as Festival Demand Disappoints
🚢 Congestion was reported from September 7 at Kandla, one of India’s largest edible oil gateways. At least nine vessels carrying around 300,000 tonnes of vegetable oil are waiting to unload, with delays of up to 10 days.
📦 The main pressure comes from strong imports that have pushed shore storage close to capacity. India’s vegetable oil imports in August were estimated at around 1.54 million tonnes, the highest level in 11 months.
🛒 At the same time, festival-season demand has been weaker than expected, slowing inventory drawdowns. Some refiners have started cutting palm oil and soyoil purchases for October, with reductions potentially extending into the October–December period.
📉 If lower bookings persist, short-term pressure could build on international palm oil and soyoil prices. The broader impact will still depend heavily on whether Indian consumption strengthens later in the festival season.
$H – Liquidation Map (7 Days) – Current Price 0.0775
🔎 The 7-day liquidation map shows roughly $1.0 million in long liquidations below the current price, exceeding approximately $0.85 million in short liquidations above. The liquidity structure is therefore fairly balanced but still modestly tilted to the downside, with around 1.2 times more cumulative liquidity below the market.
📉 Below the market, nearby long-liquidation liquidity remains relatively thin around 0.0748–0.0739 before increasing across 0.0733–0.0721. The strongest cluster sits near 0.0727 with a liquidation bar around $44,000, while the 0.0715 area contains another bar close to $50,000. Losing 0.0748 would shift attention toward 0.0739–0.0727.
📈 Above the market, short-liquidation liquidity begins building from 0.0792 and becomes denser across 0.0798–0.0816. The largest nearby bars are mostly around $15,000–20,000; further out, the 0.0840–0.0858 area continues to hold several relatively even liquidity clusters.
🧭 The broader setup modestly favors the downside because long-liquidation exposure below remains larger. Losing 0.0748 would increase the probability of a sweep toward 0.0739–0.0727, while breaking above 0.0792 would shift attention toward 0.0798–0.0816.
SC02 M1 - pending Long order. Entry contains POC + not affected by any weak zone, the current support zone is approximately 0.43% wide. The uptrend has lasted 3 hours 49 minutes, with a maximum recorded price increase of 4.36%. If price loses this support zone, the trend is highly likely to reverse downward.
SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is approximately 0.95% wide. The uptrend has lasted 3 hours 26 minutes, with a maximum recorded price increase of 6.71%. If price loses this support zone, the trend is highly likely to reverse downward.
$PYTH – Liquidation Map (7 Days) – Current Price 0.0536
🔎 The 7-day liquidation map shows roughly $2.0–2.1 million in long liquidations below the current price, slightly exceeding approximately $1.9–2.0 million in short liquidations above. The liquidity structure is therefore fairly balanced but still modestly tilted to the downside.
📉 Below the market, long-liquidation liquidity is concentrated around 0.0534–0.0524 before becoming much denser across 0.0529–0.0514. The strongest cluster sits near 0.0528–0.0529 with a liquidation bar around $160,000, while 0.0514–0.0524 also contains several bars around $60,000–90,000. Losing 0.0534 would shift attention toward 0.0529–0.0524.
📈 Above the market, nearby short-liquidation liquidity remains relatively thin around 0.0540–0.0558 before increasing clearly from 0.0564. Liquidity becomes denser across 0.0574–0.0604, with notable clusters near 0.0584, 0.0594–0.0599, and especially 0.0604, where the largest bar reaches roughly $110,000.
🧭 The broader setup modestly favors the downside because long-liquidation exposure below remains slightly larger. Losing 0.0534 would increase the probability of a sweep toward 0.0529–0.0524, while breaking above 0.0564 would shift attention toward 0.0574–0.0584 and then 0.0594–0.0604.
SC02 M1 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 1.65% wide. The uptrend has lasted 2 hours 42 minutes, with a maximum recorded price increase of 9.15%. If price loses this support zone, the trend is highly likely to reverse downward.
SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is approximately 1.16% wide. The uptrend has lasted 3 hours 29 minutes, with a maximum recorded price increase of 8.36%. If price loses this support zone, the trend is highly likely to reverse downward.
China’s trade surplus rises to $119.09 billion in August
📊 Data released on September 8 showed China’s exports reached $401.44 billion, up 25.0% year-on-year, while imports rose 28.2% to $282.36 billion. The trade surplus widened from $112.5 billion in July to $119.09 billion.
🇨🇳 In the first eight months of the year, the cumulative trade surplus exceeded $800 billion, highlighting the continued importance of exports to growth. However, stronger imports alone are not enough to confirm a clear recovery in domestic demand.
🇺🇸 Exports to the US rose 34.4%, lifting the bilateral surplus to $29.18 billion in August and adding to trade-policy risks ahead of high-level US–China talks.
📉 Market reaction remained limited, with the Hang Seng down around 0.4%, USD/CNY broadly unchanged and the AUD only recovering slightly, suggesting much of the strong data was already priced in.
$UNITREE – Liquidation Map (7 Days) – Current Price 78.5
🔎 The 7-day liquidation map shows roughly $4.1–4.2 million in short liquidations above the current price, exceeding approximately $3.2–3.3 million in long liquidations below. The liquidity structure therefore favors the upside, with around 1.3 times more cumulative liquidity above the market.
📉 Below the market, long-liquidation liquidity is concentrated around 77.2–76.0. The strongest cluster sits near 76.2–76.4 with a liquidation bar around $260,000; the 74.8 area also contains a bar close to $190,000, while 76.8–77.0 holds additional notable liquidity. Losing 77.2 would shift attention toward 76.8–76.2.
📈 Above the market, short-liquidation liquidity begins building clearly around 82.8–84.0 and becomes much denser across 84.0–85.6. The strongest cluster sits near 84.2–84.4 with a bar around $225,000, while 85.6 also contains a bar close to $190,000. Further out, 87.2–87.6 holds several bars around $90,000–100,000.
🧭 The broader setup favors the upside because short-liquidation exposure above is roughly 1.3 times larger. Breaking above 82.8 would increase the probability of a sweep toward 84.0–84.4; if momentum continues, 85.6 is the next major liquidity zone. Losing 77.2 would instead shift attention toward 76.8–76.2.
SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is approximately 1.06% wide. The uptrend has lasted 3 hours 2 minutes, with a maximum recorded price increase of 7.77%. If price loses this support zone, the trend is highly likely to reverse downward.
SC02 M1 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is approximately 0.76% wide. The uptrend has lasted 2 hours 8 minutes, with a maximum recorded price increase of 6.27%. If price loses this support zone, the trend is highly likely to reverse downward.
$ACE – Liquidation Map (7 Days) – Current Price 0.1763
🔎 The 7-day liquidation map shows roughly $2.5 million in short liquidations above the current price, clearly exceeding approximately $1.4–1.5 million in long liquidations below. The liquidity structure therefore favors the upside, with around 1.7 times more cumulative liquidity above the market.
📉 Below the market, nearby long-liquidation liquidity remains relatively thin around 0.1723–0.1699 before increasing sharply across 0.1651–0.1603. The strongest cluster sits near 0.1651 with a liquidation bar close to $80,000, while 0.1627 and 0.1603 also contain several bars around $55,000–70,000. Losing 0.1723 would shift attention toward 0.1699–0.1651.
📈 Above the market, short-liquidation liquidity begins building from 0.1795 and becomes much denser from 0.2027 onward, especially across 0.2079–0.2151. The strongest cluster sits around 0.211–0.213 with bars close to $100,000, while the broader 0.209–0.215 area holds substantial liquidity. Further out, 0.2175–0.2199 still contains moderate clusters.
🧭 The broader setup favors the upside because short-liquidation exposure above is roughly 1.7 times larger. Breaking 0.1795 would increase the probability of a sweep toward 0.2027–0.2079; if momentum continues, 0.211–0.213 is the next major liquidity zone. Losing 0.1723 would instead shift attention toward 0.1699–0.1651.