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.
2025.11.21
NEW
[November 21] USDJPY pauses near 158, potential correction amid overheating concerns
Today the USDJPY is slightly weak, with verbal intervention from Finance Minister Katayama having little market impact. The price reached a low of 157.08 around GMT 04:00, and as of GMT 05:00 is moving in the lower 157-yen range.
2025.11.20
[November 20] Yen weakens across the board as it breaks above 157, with U.S. September employment data release approaching
Today the USDJPY touched a low of 156.88 shortly after GMT 00:00. With the yen continuing to weaken across the board, the pair reached a high of 157.54 around GMT 05:00.
2025.11.19
[November 19] USDJPY remains firm despite yen-weakening warnings after breaching 155 level
Today the USDJPY lost some momentum on reports of a scheduled three-way meeting between the Finance Minister, the Minister in charge of Economic Growth Strategy, and the Bank of Japan Governor. The price reached a low of 155.21 around GMT 03:30, and as of GMT 04:30 is moving in the lower 155-yen range.
2025.11.18
[November 18] USDJPY climbs back above 155-yen range as U.S. December rate cut expectations recede
Today the USDJPY hit a high of 155.37 around 00:00 GMT, but then lost momentum and was pushed down to 154.71 shortly after 04:00 GMT. As of GMT 05:00, it is trading in the lower 155-yen range.
2025.11.17
[November 17] USDJPY holds firm in upper 154-yen range as week begins
Today the USDJPY touched a low of 154.41 shortly after GMT 00:00 before bouncing back, then reached a high of 154.78 around GMT 03:00. As of GMT 04:30, the price is moving in the upper 154-yen range.
2025.11.14
[November 14] USDJPY consolidates in upper 154-yen range as stock market decline weighs on upside
Today the USDJPY came under pressure from the sharp decline in the Nikkei Stock Average following the previous day's U.S. stock market selloff, reaching a high of 154.74 around GMT 00:00 before reversing lower and hitting a low of 154.31 around GMT 03:30. As of GMT 04:30, it is trading in the mid-154-yen range.
2025.11.13
[November 13] USDJPY fails to hold above 155-yen level, trading narrowly in upper 154-yen range
Today the USDJPY reached a high of 155.01 yen around GMT 01:00 before retreating, and as of GMT 04:00 it is trading in the upper 154-yen range. Reports indicate that damage to statistical systems may prevent the release of the U.S. October CPI and employment data, leaving the market in a wait-and-see mode.
2025.11.12
[November 12] Firm momentum continues as USDJPY breaks through 154.5-yen resistance and moves into upper 154-yen range.
Today the USDJPY has continued its firm momentum, breaking above 154.5 shortly after GMT 04:00 and marking its highest level since February. As of GMT 05:00, the pair is trading near the 154.7-yen range.
2025.11.11
[November 11] USDJPY approaches mid-154-yen range. Focus on whether it will break through resistance zone.
Today the USDJPY maintained the 154-yen range as dollar buying and yen selling continued on expectations of the U.S. government shutdown being lifted, reaching a high of 154.49 yen around GMT 01:00. It subsequently declined, but as of GMT 04:30 is trading in the 154.3-yen range as it attempts to return to the high.
2025.11.10
[November 10] Expectations of U.S. government reopening drive yen selling, temporarily returning to the 154-yen range
Today the USDJPY gapped up at the open to 153.73 yen. Expectations of the U.S. government reopening led to slightly stronger yen selling, and the pair reached a high of 154.02 shortly after GMT 03:30. As of GMT 05:00, the pair is trading in the upper 153-yen range.
2025.11.07
[November 7] Resistance continues at higher level, USDJPY trades in a narrow range around 153 yen with limited momentum
Today the USDJPY hit a low of 152.82 at around GMT 23:30 (on November 6) before rebounding, and reached a high of 153.30 at around GMT 01:00. As of GMT 05:00, it is trading in the lower 153-yen range.
2025.11.06
[November 6] USDJPY briefly returns to 154-yen range but struggles with resistance, trading continues with buying and selling around 154 yen
Today the USDJPY is trending somewhat weaker as an adjustment occurred following yesterday's rise. After hitting a low of 153.79 yen shortly after GMT 02:00, the price recovered slightly and as of GMT 05:00 is trading near 154.0 yen.
2025.11.05
[November 5] Nikkei stock average plunges, USDJPY temporarily breaks below 153 yen
Today the USDJPY hit a low of 152.95 yen shortly after GMT 01:30 as risk-averse yen buying emerged in response to the sharp drop in the Nikkei stock average. As of GMT 04:00, the price has recovered to the 153.5-yen range.
2025.11.04
[November 4] USDJPY breaks below 154 yen after sudden loss of momentum just ahead of 154.5 yen
Today the USDJPY reached a high of 154.48 yen shortly after GMT 01:00, but profit-taking appears to have emerged ahead of 154.5 yen causing the price to turn lower. As of GMT 04:30, the pair is trading weakly near 153.85.
2025.11.03
[November 3] USDJPY consolidates in the lower 154-yen range at the start of the week
Today the USDJPY reached a high of 154.25 shortly after GMT 23:30 (on November 2), then pulled back to hit a low of 153.99 around GMT 04:00, but did not continue falling, and as of GMT 05:00 is trading in the lower 154-yen range.
2025.10.31
[October 31] Yen selling accelerates as Bank of Japan rate hike expectations fade, USDJPY breaks into 154-yen range
Today the USDJPY saw yen selling ease following Finance Minister Katayama's comments cautioning against yen weakness, hitting a low of 153.65 shortly after GMT 01:30 before rebounding. As of GMT 04:30, the pair is trading near 154.0.
2025.10.30
[October 30] Bank of Japan holds interest rates steady, yen selling pushes pair back into 153-yen range
Today the USDJPY has been trending lower since the opening, reaching a low of 152.16 around GMT 03:00, but surged after the Bank of Japan announced it would maintain its interest rate, hitting a high of 153.13 shortly after GMT 03:30.
2025.10.29
[October 29] Comments by Treasury Secretary Scott Bessent may guide yen higher, USDJPY falls to 151.5-yen range
Today the USDJPY reached a high of 152.19 shortly after GMT 23:30 (on October 28), but concerns over U.S. Treasury Secretary Bessent's comments potentially restraining yen weakness and pressuring the Bank of Japan to raise rates drove the pair to a low of 151.53 around GMT 00:00.
2025.10.28
[October 28] USDJPY weakens ahead of FOMC, declining after reversing from 153-yen range
Today the USDJPY has seen dollar selling that appears to be in anticipation of the FOMC meeting, where an additional rate cut is expected, reaching a low of 152.12 yen shortly after GMT 04:00.
2025.10.27
[October 27] USDJPY returns to the 153-yen range, likely to chase higher levels
Today the USDJPY dropped to a low of 152.65 shortly after GMT 01:00 as dollar selling and yuan buying--spurred by optimism over progress in U.S.-China talks--rippled through the market. However, it quickly rebounded and as of GMT 05:00 has continued rising, reaching a high of 153.25.
