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.
2025.10.08
NEW
[October 8] Strong upward trend continues as USDJPY breaks through 152-yen level
Today the USDJPY hit a low of 151.73 yen around GMT 22:00 (on October 7), but then pushed higher to reach 152.64 yen around GMT 02:00. As of GMT 04:00, it is moving in the mid-152 yen range.
2025.10.07
[October 7] USDJPY rise loses some momentum in the 150-yen range but underlying strength continues
Today the USDJPY hit a low of 150.21 yen immediately after the opening and has been trading firmly, reaching a high of 150.61 yen shortly after GMT 00:00. As of GMT 05:00, momentum is somewhat weak, with the pair moving in the 150.4-yen range.
2025.10.06
[October 6] Yen weakens sharply as Takaichi becomes new party leader, breaking through 150-yen level
Today the USDJPY opened with an upward gap of more than 2 yen in response to the Liberal Democratic Party leadership election results. The pair surged past 150 yen shortly after GMT 03:30, and as of GMT 04:30, it is trading firmly in the 150.1-yen range.
2025.10.03
[October 3] BOJ Governor Kazuo Ueda's comments trigger yen selling, USDJPY rises to upper 147-yen range
Today the USDJPY shifted to yen selling after BOJ Governor Kazuo Ueda indicated a cautious stance on additional monetary tightening, reaching a high of 147.77 yen around GMT 05:00.
2025.10.02
[October 2] Decline pauses but upside remains heavy, currently lacking catalysts
Today the USDJPY is attempting to recover from yesterday's decline, but concerns about economic deterioration due to the U.S. government shutdown are weighing on the upside, leaving the pair directionless in the lower 147-yen range.
2025.10.01
[October 1] U.S. government shutdown drives risk-averse yen strength and dollar weakness
Today the USDJPY hit a high of 148.22 yen shortly after GMT 00:30, but when news of the U.S. government shutdown broke at GMT 04:00, the decline accelerated and reached a low of 147.46 yen around GMT 05:00.
2025.09.30
[September 30] Yen slightly higher as U.S. rate cuts and BOJ rate hikes come into focus
Today the USDJPY peaked at 148.84 yen shortly after GMT 00:30, then continued falling to reach a low of 148.42 yen shortly after GMT 04:00. Minutes from the BOJ meeting and other factors have heightened expectations for additional rate hikes, increasing pressure for yen buying.
2025.09.29
[September 29] USDJPY breaks below 149 yen on U.S. government shutdown risk
Today the USDJPY saw U.S. Treasury yields decline and risk-averse yen buying as the risk of a U.S. government shutdown increased, hitting a low of 148.88 yen around GMT 03:00. As of GMT 05:00, the pair continues to trade in the upper 148-yen range.
2025.09.26
[September 26] Strong U.S. economic data drives USDJPY to continue rising near the 150-yen range
Today the USDJPY reached a high of 149.95 yen around GMT 00:30, where the rally paused, and as of GMT 04:30 it is trading in the 149.7-yen range.
2025.09.25
[September 25] Cautious stance on U.S. rate cuts drives dollar buying, approaching the 149-yen range
Today the USDJPY hit a low of 148.55 around GMT 02:00, and as of GMT 05:00 is trading in the upper 148-yen range.
2025.09.24
[September 24] Small movements continue in the 147-yen range. Lack of catalysts makes it difficult to establish clear direction.
Today the USDJPY hit a low of 147.51 at around GMT 00:00 before rebounding, and reached a high of 147.96 at around GMT 04:30. As of GMT 05:00, the pair is consolidating just below the 148 level.
2025.09.23
[September 23] USDJPY shows limited movement in upper 147-yen range amid lack of market catalysts
Today the USDJPY touched a low of 147.60 shortly after GMT 01:30 before bouncing back, then reached a high of 147.86 around GMT 03:00.
2025.09.22
[September 22] Dollar buying dominates amid lack of weekly opening catalysts
Today the USDJPY moved firmly higher from the opening, reaching a high of 148.37 around GMT 03:00, and as of GMT 04:00 is trading near 148.3 yen.
2025.09.19
[September 19] Bank of Japan holds rates steady despite two members opposing policy rate maintenance, USDJPY trends lower
Today the USDJPY reached a high of 148.11 shortly after GMT 01:00, but after the Bank of Japan announced it would maintain its policy rate and reports emerged that two committee members had proposed raising rates to 0.75%, yen buying advanced and the price hit a low of 147.19 shortly after GMT 04:00.
2025.09.18
[September 18] U.S. FOMC rate cut briefly pushes USDJPY into 145-yen range before full recovery
Today the USDJPY continues yesterday's buying momentum, hitting a high of 147.17 around GMT 04:30 and trading somewhat firmly in the lower 147-yen range.
2025.09.17
[September 17] USDJPY trading at mid-146 yen range awaiting U.S. FOMC
Today the USDJPY touched a low of 146.21 shortly after GMT 00:00 before bouncing back and has been moving sideways in the mid-146-yen range. There's a wait-and-see mood ahead of the U.S. FOMC meeting where rate cuts are widely expected.
2025.09.16
[September 16] LDP leadership race strengthens expectations for rate hike before year-end, USDJPY battles around 147-yen range
Today yen buying is intensifying as Agriculture Minister Koizumi announced his candidacy for the LDP leadership race and reports of coordination with Finance Minister Kato have strengthened expectations for a rate hike before year-end. The price hit a high of 147.53 shortly after GMT 01:00 before falling back, then reached a low of 146.96 around GMT 05:00.
2025.09.15
[September 15] Tokyo market closed with limited movement as USDJPY gradually declines
Today the USDJPY hit a high of 147.77 yen around GMT 22:00 (on September 14) but quickly reversed lower, trading weakly thereafter. It reached a low of 147.34 shortly after GMT 04:00 and as of GMT 05:00 is trading in the lower 147-yen range.
2025.09.12
[September 12] U.S. employment concerns drive temporary break below 147-yen range. Market shows consolidation mood ahead of next week's FOMC.
Today the USDJPY saw buying pressure carry over from the previous day, reaching a high of 147.55 around GMT 05:00. With next week's U.S. FOMC meeting approaching, the market appears to be in consolidation mode.
2025.09.11
[September 11] Market lacks catalysts as investors await tonight's U.S. CPI data
Today the USDJPY hit a low of 147.28 yen at GMT 23:30 (on September 10), and as of GMT 05:00, remains stuck in the lower 147-yen range.
