Dollarama Soars on Blowout Quarter as USD/JPY Holds Short-Term Gains Despite Bessent-Led Yen Intervention

Dollarama posted a standout second quarter for fiscal 2027, with sales surging 17.6% year over year to more than C$2 billion and net earnings climbing to C$349.3 million. Diluted EPS rose 11.2% to C$1.29, sending shares of the Canadian discount retailer sharply higher and drawing analyst attention to whether the stock remains a buy at elevated levels.

In currency markets, USD/JPY presents a split picture depending on the time horizon. Short-term charts show a clear bullish trend in place for most of the past two weeks, but longer-term charts reflect a meaningful bearish shift that dates to a coordinated intervention in early August 2026. U.S. Treasury Secretary Scott Bessent and Japan's Finance Ministry jointly bought yen, with Bessent's notepad at the time photographed showing a "To Do" item of buying JPY worth $5 to $10 billion. That intervention, described by Bessent as countering disorderly yen movements, has weighed on the pair from a structural standpoint even as near-term price action trends higher.

The U.S. Dollar Index, meanwhile, was testing resistance at 100.38, a level technical analysts flagged as sitting near a bull trap zone, leaving the broader direction of the dollar unresolved heading into the week's close.