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.
2025.12.12
NEW
[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.
2025.11.26
[November 26] USDJPY drops below 156 on rising Bank of Japan rate hike expectations
Today the USDJPY is seeing strong yen buying as reports suggest the Bank of Japan is adopting a more hawkish stance, raising expectations for a rate hike in December. The price reached a low of 155.65 around GMT 02:30 then rebounded, and as of GMT 04:00 is moving in the lower 156-yen range.
2025.11.25
[November 25] Dollar buyback begins, but USDJPY struggles to move upward near 157 yen
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 reached a high of 156.98 shortly after GMT 00:30 before falling back. The decline halted at a low of 156.55 shortly after GMT 01:30, and as of GMT 05:00 is trading in the upper 156-yen range.
2025.11.24
[November 24] Small movements in the 156-yen range. Light trading with Tokyo market closed.
Today the USDJPY has seen calm price movements in the Tokyo market, partly due to Japan being on holiday. The pair hit a high of 156.80 shortly after GMT 00:30 before pulling back, and as of GMT 04:00 is trading somewhat softly in the 156.6-yen range.
2025.11.21
[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.
