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.
2026.03.10
NEW
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.
2026.02.20
USDJPY struggling amid rising Middle East tensions
Today the USDJPY has seen yen selling dominate following weak Japanese CPI data, though growing awareness of geopolitical risks in the Middle East has weighed on the pair by fueling yen buying. As of GMT 04:30, the pair is trading in the lower 155-yen range.
2026.02.19
Takaichi's "responsible proactive fiscal policy" drives yen lower
Today the USDJPY has seen broad yen weakness re-emerge on renewed focus on Prime Minister Takaichi's "responsible proactive fiscal policy." It reached a high of 155.29 shortly after GMT 04:00 and as of GMT 05:00 is trading in the lower 155-yen range.
2026.02.18
Dollar buying on announcement of first phase of U.S. investment and lending
Today the USDJPY hit a low of 153.07 shortly after GMT 00:30, then shifted toward dollar buying after President Trump mentioned Japan's investment and lending to the U.S., reaching a high of 153.70 shortly after GMT 02:00.
2026.02.17
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.
