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.
2025.12.01
NEW
[December 1] Bank of Japan rate hike expectations strengthen as USDJPY heads toward key 155-yen level
Today the USDJPY has come under selling pressure as expectations for a December rate hike have grown following remarks from BOJ Governor Kazuo Ueda. The price reached a low of 155.39 around GMT 04:30, and as of GMT 05:00 is moving in the lower 155-yen range.
2025.11.28
[November 28] Wait-and-see mood prevails, USDJPY continues sideways movement in lower 156-yen range
Today the USDJPY reached a high of 156.58 shortly after GMT 00:30 before declining, hitting a low of 156.09 around GMT 02:30. Sandwiched between the U.S. Thanksgiving holiday and the weekend, there was no clear directional movement, and as of GMT 04:00, it is trading in the lower 156-yen range.
2025.11.27
[November 27] Market shifts toward yen strength amid expectations of narrowing U.S.-Japan interest rate differential. USDJPY breaks below 156-yen range.
Today the USDJPY saw intensified yen buying driven by expectations of a narrowing U.S.-Japan interest rate differential, reaching a low of 155.72 yen at around GMT 01:30, but rebounded following dovish comments from Bank of Japan Policy Board member Noguchi, rising to around 156.18 yen. As of GMT 05:00, it has once again fallen below 156 yen and continues to trade weakly.
2025.11.26
[November 26] USDJPY drops below 156 on rising Bank of Japan rate hike expectations
Today the USDJPY is seeing strong yen buying as reports suggest the Bank of Japan is adopting a more hawkish stance, raising expectations for a rate hike in December. The price reached a low of 155.65 around GMT 02:30 then rebounded, and as of GMT 04:00 is moving in the lower 156-yen range.
2025.11.25
[November 25] Dollar buyback begins, but USDJPY struggles to move upward near 157 yen
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 reached a high of 156.98 shortly after GMT 00:30 before falling back. The decline halted at a low of 156.55 shortly after GMT 01:30, and as of GMT 05:00 is trading in the upper 156-yen range.
2025.11.24
[November 24] Small movements in the 156-yen range. Light trading with Tokyo market closed.
Today the USDJPY has seen calm price movements in the Tokyo market, partly due to Japan being on holiday. The pair hit a high of 156.80 shortly after GMT 00:30 before pulling back, and as of GMT 04:00 is trading somewhat softly in the 156.6-yen range.
2025.11.21
[November 21] USDJPY pauses near 158, potential correction amid overheating concerns
Today the USDJPY is slightly weak, with verbal intervention from Finance Minister Katayama having little market impact. The price reached a low of 157.08 around GMT 04:00, and as of GMT 05:00 is moving in the lower 157-yen range.
2025.11.20
[November 20] Yen weakens across the board as it breaks above 157, with U.S. September employment data release approaching
Today the USDJPY touched a low of 156.88 shortly after GMT 00:00. With the yen continuing to weaken across the board, the pair reached a high of 157.54 around GMT 05:00.
2025.11.19
[November 19] USDJPY remains firm despite yen-weakening warnings after breaching 155 level
Today the USDJPY lost some momentum on reports of a scheduled three-way meeting between the Finance Minister, the Minister in charge of Economic Growth Strategy, and the Bank of Japan Governor. The price reached a low of 155.21 around GMT 03:30, and as of GMT 04:30 is moving in the lower 155-yen range.
2025.11.18
[November 18] USDJPY climbs back above 155-yen range as U.S. December rate cut expectations recede
Today the USDJPY hit a high of 155.37 around 00:00 GMT, but then lost momentum and was pushed down to 154.71 shortly after 04:00 GMT. As of GMT 05:00, it is trading in the lower 155-yen range.
2025.11.17
[November 17] USDJPY holds firm in upper 154-yen range as week begins
Today the USDJPY touched a low of 154.41 shortly after GMT 00:00 before bouncing back, then reached a high of 154.78 around GMT 03:00. As of GMT 04:30, the price is moving in the upper 154-yen range.
2025.11.14
[November 14] USDJPY consolidates in upper 154-yen range as stock market decline weighs on upside
Today the USDJPY came under pressure from the sharp decline in the Nikkei Stock Average following the previous day's U.S. stock market selloff, reaching a high of 154.74 around GMT 00:00 before reversing lower and hitting a low of 154.31 around GMT 03:30. As of GMT 04:30, it is trading in the mid-154-yen range.
2025.11.13
[November 13] USDJPY fails to hold above 155-yen level, trading narrowly in upper 154-yen range
Today the USDJPY reached a high of 155.01 yen around GMT 01:00 before retreating, and as of GMT 04:00 it is trading in the upper 154-yen range. Reports indicate that damage to statistical systems may prevent the release of the U.S. October CPI and employment data, leaving the market in a wait-and-see mode.
2025.11.12
[November 12] Firm momentum continues as USDJPY breaks through 154.5-yen resistance and moves into upper 154-yen range.
Today the USDJPY has continued its firm momentum, breaking above 154.5 shortly after GMT 04:00 and marking its highest level since February. As of GMT 05:00, the pair is trading near the 154.7-yen range.
2025.11.11
[November 11] USDJPY approaches mid-154-yen range. Focus on whether it will break through resistance zone.
Today the USDJPY maintained the 154-yen range as dollar buying and yen selling continued on expectations of the U.S. government shutdown being lifted, reaching a high of 154.49 yen around GMT 01:00. It subsequently declined, but as of GMT 04:30 is trading in the 154.3-yen range as it attempts to return to the high.
2025.11.10
[November 10] Expectations of U.S. government reopening drive yen selling, temporarily returning to the 154-yen range
Today the USDJPY gapped up at the open to 153.73 yen. Expectations of the U.S. government reopening led to slightly stronger yen selling, and the pair reached a high of 154.02 shortly after GMT 03:30. As of GMT 05:00, the pair is trading in the upper 153-yen range.
2025.11.07
[November 7] Resistance continues at higher level, USDJPY trades in a narrow range around 153 yen with limited momentum
Today the USDJPY hit a low of 152.82 at around GMT 23:30 (on November 6) before rebounding, and reached a high of 153.30 at around GMT 01:00. As of GMT 05:00, it is trading in the lower 153-yen range.
2025.11.06
[November 6] USDJPY briefly returns to 154-yen range but struggles with resistance, trading continues with buying and selling around 154 yen
Today the USDJPY is trending somewhat weaker as an adjustment occurred following yesterday's rise. After hitting a low of 153.79 yen shortly after GMT 02:00, the price recovered slightly and as of GMT 05:00 is trading near 154.0 yen.
2025.11.05
[November 5] Nikkei stock average plunges, USDJPY temporarily breaks below 153 yen
Today the USDJPY hit a low of 152.95 yen shortly after GMT 01:30 as risk-averse yen buying emerged in response to the sharp drop in the Nikkei stock average. As of GMT 04:00, the price has recovered to the 153.5-yen range.
2025.11.04
[November 4] USDJPY breaks below 154 yen after sudden loss of momentum just ahead of 154.5 yen
Today the USDJPY reached a high of 154.48 yen shortly after GMT 01:00, but profit-taking appears to have emerged ahead of 154.5 yen causing the price to turn lower. As of GMT 04:30, the pair is trading weakly near 153.85.
