FXON's technical analysts provide market reports in the form of columns on the most recent foreign exchange market movements, based on world news and economic activities. Please take a look at it as a reference for your trading.
2026.02.17
NEW
Rate differential-driven decline pauses and markets adopt wait-and-see stance
Today the USDJPY gapped down at the open then rose immediately. It reached a high of 153.75 shortly after GMT 23:30 (on February 16) but then lost momentum, hitting a low of 152.99 around GMT 04:30.
2026.02.16
Yen selling gains slight edge on weak Japanese GDP
Today the USDJPY gapped down at the open to 152.62 yen. Japan's preliminary fourth-quarter GDP, released at GMT 23:30 (on February 15), came in well below expectations, triggering yen weakness. The pair rose to a high of 153.16 yen at around GMT 01:00.
2026.02.13
Yen weakens as expectations for additional BOJ rate hike fade
Today the USDJPY came under yen-selling pressure after reports that former Cabinet Office advisor Mr. Honda suggested the BOJ is likely to hold off on a rate hike in March, dampening expectations for additional tightening.
2026.02.12
Signs of unwinding of yen-selling and dollar-buying seen before election
Today the USDJPY reached a high of 153.44 at around GMT 00:00 before falling to 152.26 yen at around GMT 03:30. As of GMT 04:00, the pair is hovering near 152.5 yen.
2026.02.11
Dollar selling continues amid U.S. economic slowdown concerns
Today the USDJPY continues its weak performance, breaking below the 154-yen range as dollar selling persists amid U.S. economic slowdown concerns, with Tokyo markets closed.
2026.02.10
Upside limited by intervention concerns, yen buying follows election
Today the USDJPY rose to 156.29 around GMT 00:30 but then lost momentum, with yen buying developing against the backdrop of intervention concerns and the completion of the lower house election.
2026.02.09
LDP victory in lower house; limited movement amid intervention concerns
Today the USDJPY opened with an upward gap following the LDP's major victory in the lower house election. It reached a high of 157.65 shortly after GMT 23:00 (on February 8) but then declined, falling to 156.21 around GMT 01:30.
2026.02.06
Caught between yen weakness and intervention fears ahead of election
Today the USDJPY touched 157.05 shortly after GMT 23:00 (on February 5), then turned lower and hit a low of 156.51 yen around GMT 01:30.
2026.02.05
Rise pauses with sideways movement just before 157-yen level
As a so-called "5/10 day" (a date ending in "5" or on a multiple of "10" on which Japanese companies often settle foreign exchange payments), today the USDJPY hit a high of 156.98 around GMT 00:30, but failed to continue rising due to intervention concerns, and as of GMT 04:00 is moving sideways in the upper 156-yen range.
2026.02.04
Yen weakness continues as LDP leads in lower house election
Today the USDJPY has traded firmly on reports of the LDP's lead in the lower house election, reaching a high of 156.39 shortly after GMT 03:00. As of GMT 05:00, the pair is trading in the lower 156-yen range.
2026.02.03
Dollar buying eases following strong U.S. economic data
Today the USDJPY has been gradually softening while consolidating around 155.5 yen since shortly after the open.
2026.02.02
FRB appointment and PM Takaichi's remarks drive yen weakness
Today the USDJPY opened with a gap up, with yen selling triggered by confirmation that the BOJ had not intervened in the currency market and by remarks from Prime Minister Takaichi's speech. The pair reached a high of 155.51 around GMT 23:00 but has since softened, trading in the 154.8-yen range as of GMT 05:00.
2026.01.30
Dollar strengthens across the board amid speculation over next Fed chair
Today the USDJPY saw broad dollar strength following news that U.S. President Trump and the Democrats reached a tentative agreement to avert a government shutdown, combined with growing speculation that hawkish former Fed Governor Warsh will be nominated as the next Fed chair. As of GMT 04:00, the pair is consolidating just below 154 yen.
2026.01.29
Dollar weakness prevails despite Bessent's damage control
Today the USDJPY continued to see dollar selling, apparently driven by distrust toward U.S. President Trump, reaching a low of 152.76 around GMT 00:30. As of GMT 04:00, the decline has stabilized and the pair is trading sideways around 153 yen.
2026.01.28
U.S.-driven dollar weakness continues ahead of FOMC
Today the USDJPY saw dollar buying resume immediately after the open, reaching a high of 153.06 yen around GMT 01:00. However, the rally stalled there and the pair resumed its decline. As of GMT 05:00, it is trading around 152.5 yen.
2026.01.27
Decline pauses, relatively firm ahead of FOMC
Today the USDJPY consolidated in the lower 154-yen range directly after the open, but rebounded after hitting a low of 154.08 yen shortly after GMT 02:30, and as of GMT 05:00 is trading relatively firmly in the 154.6-yen range.
2026.01.26
Hints of coordinated intervention by U.S. and Japan trigger yen strength
Today the USDJPY opened with a gap down and recovered to 155.34 yen around GMT 00:00, but faced resistance at higher levels and declined. Shortly after GMT 04:00, it hit a low of 153.81 yen, and as of GMT 05:00, the pair is trading around 154.0 yen.
2026.01.23
BOJ decision to hold rates steady fuels yen selling
Today the USDJPY initially saw stronger yen selling after the BOJ's monetary policy meeting resulted in rates being held steady, reaching a high of 158.74 yen shortly after GMT 03:00.
2026.01.22
Yen weakens on easing U.S.-Europe tensions and Japan fiscal concerns
Today the USDJPY tilted toward yen selling amid concerns over Japan's worsening fiscal position, reaching a high of 158.70 yen around GMT 05:00.
2026.01.21
Markets await BOJ monetary policy decision
Today the USDJPY touched a high of 158.28 yen shortly after GMT 00:00 but failed to extend gains, dropping to a low of 157.85 yen around GMT 01:30. As of GMT 04:30 it is trading in the 158-yen range.
