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.
2025.07.22
NEW
[July 22] Post-upper house election decline pauses, returning to lackluster movement
Today the previous day's decline paused, with some dollar buying returning, reaching a high of 147.71 shortly after GMT 00:00. As of GMT 04:00, it is trading in the upper 147-yen range.
2025.07.21
[July 21] Tokyo market sees low trading volume. Wait-and-see mood in the lower 148-yen range.
Today the USDJPY gapped down at the open to 148.19 yen. The price reached a high of 148.66 directly after the opening but the recovery was weak, and as of GMT 05:00 it is trading weakly in the lower 148-yen range.
2025.07.18
[July 18] USDJPY shows resilience but fails to sustain 149-yen range, moves sideways in 148-yen territory
Today the USDJPY hit a low of 148.29 around GMT 00:00 [previous day] on dollar selling after FRB Governor Christopher Waller expressed support for a July rate cut. The price has since recovered and is trading solidly in the upper 148-yen range as of GMT 05:00.
2025.07.17
[July 17] Dollar swings wildly on reports about Fed chair dismissal
Today the USDJPY saw dollar buying return as the dismissal of Fed Chair Jerome Powell was officially denied, reaching a high of 148.66 around GMT 04:30, though it has since pulled back to the lower 148-yen range.
2025.07.16
[July 16] Strong U.S. June CPI data sends USDJPY into the 149-yen range
Today the USDJPY broke above consolidation around 149.0 yen and hit a high of 149.18 yen shortly after GMT 04:00. The June CPI data has pushed back expectations for rate cuts this year, with dollar buying momentum continuing.
2025.07.15
[July 15] Resilient USDJPY approaches 148-yen range as market awaits U.S. CPI data
Today the USDJPY recorded new highs from the previous day's closing consolidation, reaching 147.88 shortly after GMT 23:00 (on July 14). After being pushed down by selling pressure to hit a low of 147.56 shortly after GMT 00:30, it rebounded and is currently trading in the upper 147-yen range as of GMT 04:00.
2025.07.14
[July 14] Weekly opening sees battle in the upper 147-yen range as price cautiously tests higher levels
Today the USDJPY hit a high of 147.57 around GMT 23:00 (on July 13) before pulling back to a low of 146.84 around GMT 01:00, and as of GMT 05:00 is consolidating in the upper 147-yen range.
2025.07.11
[July 11] USDJPY rises above 147 yen again following stock market highs
Today the USDJPY surged higher from a low of 146.13 reached around GMT 00:00, creating lower limits along the way before hitting a high of 147.18 around GMT 04:30. President Trump commented that "stock prices hit new highs," and the view that tariff policies won't impact U.S. financial markets has driven dollar buying.
2025.07.10
[July 10] USDJPY unable to maintain 147-yen range and falls back due to expectations of U.S. rate cuts within the year
Today the USDJPY saw yen buying after U.S. President Trump announced the imposition of 50% tariffs on Brazil. The price hit a low of 145.75 shortly after GMT 00:30 but rebounded, reaching a high of 146.41 yen around GMT 04:30.
2025.07.09
[July 9] USDJPY continues to move firmly, breaking through 147 yen
Today the USDJPY strengthened its upward trend starting with a low of 146.51 immediately after opening, and has been recording new highs amid some consolidation. The price reached a high of 147.18 around GMT 03:00, and as of GMT 05:00 is moving in the lower 147-yen range.
2025.07.08
[July 8] Reports of 25% tariffs on Japan accelerate yen selling, USDJPY rises to 146-yen range
Today the USDJPY rose after hitting a low of 145.83 around GMT 00:00, and reached a high of 146.44 shortly after GMT 01:00. The rise paused there, and as of GMT 05:00, the price is moving in the upper 145-yen range.
2025.07.07
[July 7] Trump attempts to contain BRICS, market leans somewhat toward dollar buying
Today the USDJPY hit a low of 144.22 shortly after GMT 01:00. President Trump mentioned the possibility of imposing an additional 10% tariff on countries that cooperate with BRICS, and the market reacted with dollar buying.Around GMT 03:30, it hit a high of 144.84 yen.
2025.07.04
[July 4] Strong employment statistics results cause USDJPY to temporarily exceed 145-yen range but fail to sustain upward momentum
Today the USDJPY continued to decline in adjustment from last night's sharp rise, hitting a low of 144.32 around GMT 04:30. As of GMT 05:00, it is trading in the lower 144-yen range.
2025.07.03
[July 3] USDJPY trades firmly amid caution ahead of U.S. employment statistics
Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on July 3), the middle line is almost horizontal, indicating a situation where direction is difficult to discern. It could be said that this is a phase where it is preferable to wait until the price breaks either upward or downward.
2025.07.02
[July 2] USDJPY breaks below 143 yen but rebounds. Market moves to explore next direction.
Today the USDJPY turned upward after hitting a low of 143.31 around GMT 00:00, and reached a high of 143.74 at GMT 02:00, but as of GMT 04:00 it is moving without direction in the 143.5-yen range.
2025.07.01
[July 1] Dollar falls for sixth consecutive month. View that dollar weakness will continue remains strong.
Today the USDJPY saw yen buying following good results from the Bank of Japan's Tankan survey for large manufacturing companies, hitting a low of 143.43 yen shortly after GMT 01:00. As of GMT 04:30, the price is moving in the upper 143-yen range.
2025.06.30
[June 30] Consolidation continues in low price range, USDJPY approaches breaking below 144-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 144.76 shortly after GMT 00:30, turned to decline after the TTM (Telegraphic Transfer Middle Rate) passed, and hit a low of 144.0 around GMT 04:30. President Trump stated regarding the reciprocal tariff suspension deadline approaching on July 9 that "there is no need to extend it," and selling pressure on the dollar is increasing.
2025.06.27
[June 27] Expectations for dollar weakness remain strong, heavy upside continues
Today the USDJPY reached a high of 144.80 around GMT 01:30 before declining, hitting a low of 144.19 around GMT 02:00. As of GMT 04:00 the price is moving around the mid-144-yen range without direction.
2025.06.26
[June 26] Trump's frustration at Fed Chair leads to rate cut speculation and dollar weakness from declining confidence
Today the USDJPY hit a low of 144.66 yen at around GMT 02:00 as expectations of a early rate cut heightened following reports that President Trump is considering nominating a new Fed Chair. As of GMT 05:00, the price is consolidating in the upper 144-yen range.
2025.06.25
[June 25] Decline pauses, moving to consolidation around the 145-yen range
Today the USDJPY reached a high of 145.04 yen shortly after GMT 00:30 before declining, hitting a low of 144.60 yen around GMT 02:00. There is no clear directional sense, and as of GMT 05:00 it is moving in the upper 144-yen range.
