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.
2026.02.06
NEW
Caught between yen weakness and intervention fears ahead of election
Today the USDJPY touched 157.05 shortly after GMT 23:00 (on February 5), then turned lower and hit a low of 156.51 yen around GMT 01:30.
2026.02.05
Rise pauses with sideways movement just before 157-yen level
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 hit a high of 156.98 around GMT 00:30, but failed to continue rising due to intervention concerns, and as of GMT 04:00 is moving sideways in the upper 156-yen range.
2026.02.04
Yen weakness continues as LDP leads in lower house election
Today the USDJPY has traded firmly on reports of the LDP's lead in the lower house election, reaching a high of 156.39 shortly after GMT 03:00. As of GMT 05:00, the pair is trading in the lower 156-yen range.
2026.02.03
Dollar buying eases following strong U.S. economic data
Today the USDJPY has been gradually softening while consolidating around 155.5 yen since shortly after the open.
2026.02.02
FRB appointment and PM Takaichi's remarks drive yen weakness
Today the USDJPY opened with a gap up, with yen selling triggered by confirmation that the BOJ had not intervened in the currency market and by remarks from Prime Minister Takaichi's speech. The pair reached a high of 155.51 around GMT 23:00 but has since softened, trading in the 154.8-yen range as of GMT 05:00.
2026.01.30
Dollar strengthens across the board amid speculation over next Fed chair
Today the USDJPY saw broad dollar strength following news that U.S. President Trump and the Democrats reached a tentative agreement to avert a government shutdown, combined with growing speculation that hawkish former Fed Governor Warsh will be nominated as the next Fed chair. As of GMT 04:00, the pair is consolidating just below 154 yen.
2026.01.29
Dollar weakness prevails despite Bessent's damage control
Today the USDJPY continued to see dollar selling, apparently driven by distrust toward U.S. President Trump, reaching a low of 152.76 around GMT 00:30. As of GMT 04:00, the decline has stabilized and the pair is trading sideways around 153 yen.
2026.01.28
U.S.-driven dollar weakness continues ahead of FOMC
Today the USDJPY saw dollar buying resume immediately after the open, reaching a high of 153.06 yen around GMT 01:00. However, the rally stalled there and the pair resumed its decline. As of GMT 05:00, it is trading around 152.5 yen.
2026.01.27
Decline pauses, relatively firm ahead of FOMC
Today the USDJPY consolidated in the lower 154-yen range directly after the open, but rebounded after hitting a low of 154.08 yen shortly after GMT 02:30, and as of GMT 05:00 is trading relatively firmly in the 154.6-yen range.
2026.01.26
Hints of coordinated intervention by U.S. and Japan trigger yen strength
Today the USDJPY opened with a gap down and recovered to 155.34 yen around GMT 00:00, but faced resistance at higher levels and declined. Shortly after GMT 04:00, it hit a low of 153.81 yen, and as of GMT 05:00, the pair is trading around 154.0 yen.
2026.01.23
BOJ decision to hold rates steady fuels yen selling
Today the USDJPY initially saw stronger yen selling after the BOJ's monetary policy meeting resulted in rates being held steady, reaching a high of 158.74 yen shortly after GMT 03:00.
2026.01.22
Yen weakens on easing U.S.-Europe tensions and Japan fiscal concerns
Today the USDJPY tilted toward yen selling amid concerns over Japan's worsening fiscal position, reaching a high of 158.70 yen around GMT 05:00.
2026.01.21
Markets await BOJ monetary policy decision
Today the USDJPY touched a high of 158.28 yen shortly after GMT 00:00 but failed to extend gains, dropping to a low of 157.85 yen around GMT 01:30. As of GMT 04:30 it is trading in the 158-yen range.
2026.01.20
Risk-off and yen-weakness expectations clash, creating wait-and-see mood
Today the USDJPY moved without clear direction, hitting a high of 158.28 yen around GMT 00:00 before quickly pulling back to a low of 157.96 yen around GMT 01:00. As of GMT 05:00, the pair is trading near the 158.0-yen range.
2026.01.19
Trade friction concerns fuel risk-off yen buying
Today the USDJPY extended its decline from the opening bell as risk-off sentiment intensified over trade friction concerns following U.S. President Trump's announcement of 10% tariffs on eight European countries.
2026.01.16
Yen buying on Finance Minister Katayama's weak-yen warning
Today the USDJPY fell to a low of 157.96 around GMT 02:30, as comments from Finance Minister Katayama warning against yen weakness prompted yen buying. As of GMT 05:00, the pair is trading in the lower 158-yen range.
2026.01.15
USDJPY holds firm despite intervention concerns
Today the USDJPY touched a low of 158.19 immediately after the open but has since shown resilience, reaching a high of 158.64 shortly after GMT 04:30. The pair is trading in the upper 158-yen range as of GMT 05:00.
2026.01.14
Yen weakens on reports of lower house dissolution
Looking at the 1-hour chart of the USDJPY (as of GMT 04:30 on January 14), the pair has pulled back inside the Bollinger Bands after exceeding the +2 standard deviation line, but continues to trade above the middle line. The bullish momentum looks set to continue.
2026.01.13
Yen weakens on reports of lower house dissolution, breaks 2025 high
Today the USDJPY saw accelerated yen selling after reports that Prime Minister Takaichi communicated her intention to dissolve the lower house and call a general election. Shortly after GMT 04:00, the pair hit a high of 158.91 yen, temporarily breaking above the January 2025 high. As of GMT 05:00, the pair is trading in the upper 158-yen range.
2026.01.12
Yen sell-off accelerates on reports of possible Lower House dissolution
Today the USDJPY opened with a gap up at 158.07 yen and reached 158.20 yen around GMT 00:00 while the Tokyo market was closed. However, dollar selling emerged following the criminal referral against Fed Chair Jerome Powell, pushing the pair down to 157.51 yen around GMT 01:00. As of GMT 04:00, the pair is approaching the 158.20-yen range again.
