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.
2026.03.20
NEW
USDJPY briefly touches the 157-yen range, buybacks continue
Today the USDJPY has seen buybacks following a sharp decline, with the Tokyo market closed and optimism around stability in the Strait of Hormuz providing some support.
2026.03.19
Caution prevails as markets hesitate to chase highs after U.S.-Japan rate holds
Today the USDJPY saw consolidation around 159.8 yen from the opening.
2026.03.18
Downward trend driven by gradual decline in crude oil prices
Today the USDJPY hit a high of 159.49 yen shortly after GMT 00:30, before pulling back and breaking below the previous day's low.
2026.03.17
Gains briefly extend on BoJ Governor Ueda's comments, but subdued
Today the USDJPY saw yen selling spread after Bank of Japan Governor Kazuo Ueda made comments to the effect that the Bank would increase its Japanese government bond purchases to keep a lid on rising yields, with the pair hitting a high of 159.45 shortly after GMT 01:00.
2026.03.16
Dollar buying remains firm, holding steady
Today the USDJPY opened with a gap down, touching a low of 159.25 around GMT 00:30.
2026.03.13
USDJPY breaks year-to-date high with 160-yen range in sight
Today the USDJPY dipped to 159.01 shortly after GMT 00:00 amid comments from Finance Minister Katayama pushing back on yen weakness, before rebounding and reaching 159.68 around GMT 04:30, setting a new year-to-date high.
2026.03.12
Persistent crude oil gains fuel continued dollar buying
Today the USDJPY has seen continued yen selling and dollar buying, as attacks on oil infrastructure in the Middle East persist and the Strait of Hormuz remains closed.
2026.03.11
Dollar buying retreats slightly as crude oil prices stall
Today the USDJPY fell to 157.91 yen shortly after GMT 23:00 (on March 10), before reversing higher and reaching a peak of 158.39 yen around GMT 01:30.
2026.03.10
Rate differential-driven decline pauses and markets adopt wait-and-see stance
Today the USDJPY has come under pressure as growing expectations of an early end to the conflict between the U.S. and Iran weigh on dollar demand.
2026.03.09
Steady gains driven by dollar buying on surging crude oil
Today the USDJPY gapped up at the open. After touching a low of 158.20 around GMT 22:30 (on March 8), the pair reversed higher and reached a high of 158.89 shortly after GMT 03:30.
2026.03.06
Risk-averse dollar buying and intervention wariness in a tug of war
Today the USDJPY continues to consolidate around 157.5, caught between downward pressure from intervention fears at elevated levels and persistent dollar buying driven by uncertainty over the situation in the Middle East.
2026.03.05
Holding above lows amid uncertainty over the Middle East situation
Today the USDJPY hit a low of 156.45 shortly after GMT 01:00 before rebounding, climbing back into the 157-yen range around GMT 04:00.
2026.03.04
U.S.-Iran war expected to drag on, keeping the dollar on an upward trend
Today the USDJPY has seen broad risk-off sentiment driven by concerns that the U.S.-Iran war could be a prolonged conflict.
2026.03.03
Rising oil prices due to Middle East crisis fuel yen selling, dollar buying
Today the USDJPY continued to see yen weakness driven by higher oil prices, as in the previous session, touching a high of 157.59 around GMT 01:00. However, follow-through buying has been cautious, and as of GMT 05:00 the pair remains flat in the lower end of the 157-yen range.
2026.03.02
Dollar buying dominates on Middle East tensions
Today the USDJPY has seen moderate dollar buying pressure amid the ongoing turmoil in the Middle East.
2026.02.27
Risk-driven dollar buying subsides, yen strengthens
Today the USDJPY is trading softly as negotiations between the U.S. and Iran concluded and geopolitical risk-driven dollar buying has subsided. The price reached a low of 155.53 yen shortly after GMT 04:30.
2026.02.26
March rate hike expectations linger with slight yen buying dominance
Today the USDJPY saw yen buying following an interview with Bank of Japan Governor Kazuo Ueda that raised expectations for a March rate hike, bottoming at 155.77 around GMT 02:00.
2026.02.25
Dollar selling slightly dominates amid successive yen-selling factors
Today the USDJPY moved toward yen strength from around GMT 00:00, but rebounded after the government's proposal for Bank of Japan Policy Board members was announced, reaching a high of 156.04 yen around GMT 04:00.
2026.02.24
USDJPY strong on dollar buying, yen selling amid rising Japanese stocks
Today the USDJPY saw yen selling accelerate on the back of strength in the Nikkei Stock Average, reaching a high of 155.31 yen around GMT 04:30.
2026.02.23
Dollar uncertainty over U.S. Supreme Court ruling on Trump tariffs
Today the USDJPY came under selling pressure amid growing uncertainty over the Trump administration's policy direction, with the Tokyo market closed, falling to a low of 153.99 yen shortly after GMT 01:00.
