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.
2025.12.24
NEW
Pre-Christmas adjustment continues.
Today the USDJPY continues to see pre-Christmas position adjustments, with strong yen buying pressure. The pair reached a low of 155.55 yen shortly after GMT 02:00, but has since rebounded and is trading around 156.0 yen as of GMT 04:30.
2025.12.23
[December 23] Yen rebounds as Ministry of Finance issues verbal warning
Today the USDJPY has continued the previous day's dollar-selling and yen-buying momentum. Comments from Finance Minister Katayama warning that authorities would "take appropriate measures against excessive currency fluctuations" added to yen-supportive sentiment, pushing the pair to a low of 155.96 yen shortly after GMT 04:00.
2025.12.22
[December 22] USDJPY Hits 157-Yen, Dovish BOJ Comments Drive Yen Weakness
Today the USDJPY is slightly weak as a correction to the sharp rally at the end of last week. The pair hit a low of 157.23 yen shortly after GMT 02:00 and is currently trading in the 157.3-yen range as of GMT 05:00.
2025.12.19
[December 19] USDJPY hits 156 yen, BOJ rate hike meets expectations
Today the USDJPY saw yen selling dominate ahead of the Bank of Japan's monetary policy announcement. When the expected 0.25% rate hike was confirmed, the pair reached a high of 156.16 yen shortly after GMT 03:00. As of GMT 05:00, it is trading in the lower 156-yen range.
2025.12.18
[December 18] USDJPY in mid-155-yen range, dollar buying ahead of BOJ meeting
Today the USDJPY declined to 155.42 around GMT 00:30 before turning upward, and as of GMT 05:00 is trading in the upper 155-yen range.
2025.12.17
[December 17] USDJPY < mid-154 on weak jobs data, mixed outlook
Today the USDJPY touched a low of 154.56 shortly after GMT 01:00 before bouncing back, then reached a high of 155.02 around GMT 03:00. As of GMT 04:00, it is trading in the upper 154-yen range. Trading activity remains subdued ahead of the Bank of Japan monetary policy meeting, which begins tomorrow.
2025.12.16
[December 16] USDJPY < 155. Soft ahead of jobs data.
Today the USDJPY continued its downtrend from the previous day, hitting a low of 154.70 yen around GMT 03:00. As of GMT 04:30, the price is moving in the upper 154-yen range.
2025.12.15
[December 15] USDJPY softens toward 155 yen at the start of the week as yen strengthens ahead of Bank of Japan meeting
Today the USDJPY touched 155.98 shortly after GMT 00:30, but selling of the New Zealand dollar against the yen on expectations of an RBNZ rate cut weighed on the pair, pushing it below 155.2 yen as of GMT 05:00.
2025.12.12
[December 12] USDJPY hovers in mid-155-yen range as rate differential-driven decline pauses and markets adopt wait-and-see stance
Today the USDJPY rebounded from the previous day's decline and has been trading firmly. The pair touched a high of 155.77 yen around GMT 01:00 before pulling back, but as of GMT 05:00 it has returned to the 155.7-yen range.
2025.12.11
[December 11] USDJPY softens as market focus shifts from U.S. rate cuts to potential Bank of Japan rate hikes
Today the USDJPY reached a low of 155.48 yen around GMT 02:30, where the decline paused, and as of GMT 05:00 it is trading in the 155.9-yen range.
2025.12.10
[December 10] USDJPY approaches 157 yen. Persistent yen weakness and U.S. October job openings push dollar higher.
Today the USDJPY failed to reach 157 yen and lost momentum, hitting a low of 156.53 yen shortly after GMT 03:30. As of GMT 05:00, the pair is trading in the upper 156-yen range.
2025.12.09
[December 9] Dollar strengthens ahead of FOMC as earthquake off Aomori triggers yen weakness, briefly touching the 156-yen range
Today the USDJPY reached a high of 156.03 yen at around GMT 01:00 before pulling back, finding support at 155.74 yen around GMT 02:00. As of GMT 05:00, the pair is once again approaching the 156-yen range.
2025.12.08
[December 8] Markets lean toward yen strength and dollar weakness ahead of FOMC and Bank of Japan meetings
Today the USDJPY came under selling pressure as markets positioned for rate cuts ahead of the U.S. FOMC meeting, while yen buying picked up on growing expectations of a Bank of Japan rate hike, pushing the pair to a low of 154.90 yen around GMT 02:00. As of GMT 04:00, it is trading in the lower 155-yen range.
2025.12.05
[December 5] Bank of Japan signals stronger rate hike stance, USDJPY gradually pushed lower
Today the USDJPY is trading softly following reports that the Bank of Japan is expected to maintain its rate hike stance even after a December rate increase. It reached a low of 154.79 shortly after GMT 04:00 and as of GMT 05:00 is trading in the upper 154-yen range.
2025.12.04
[December 4] Reports on next Fed Chair appointment soften USDJPY, but pair holds above 155-yen level
Today the USDJPY has been firm since hitting a low of 155.02 yen around GMT 00:00. Around GMT 03:30, it hit a high of 155.54 yen. As of GMT 05:00, it is moving in the mid-155 yen range.
2025.12.03
[December 3] USDJPY briefly recovers to 156 yen before turning lower again on correction
Today the USDJPY touched a high of 155.90 yen around GMT 23:00 (on December 2), then traded weakly, and as of GMT 05:00 is trading in the upper 155-yen range.
2025.12.02
[December 2] Yen buying on December rate hike expectations pauses; USDJPY consolidates in mid 155-yen range
Today the USDJPY saw the previous day's decline pause, reaching a high of 155.77 yen around GMT 01:00. The pair has held firm, and is trading in the upper 155-yen range as of GMT 05:00.
2025.12.01
[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.
