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.
2026.01.16
NEW
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.
2026.01.09
Strong U.S. data and Japanese equity gains lead to weaker yen
Today the USDJPY has continued to see yen selling on the back of strength in Japanese equities, trading firmly from the market open. The pair reached a high of 157.31 around GMT 05:00 and is now pushing higher.
2026.01.08
Dollar holds firm ahead of tomorrow's U.S. jobs report
Today the USDJPY climbed to 156.95 shortly after GMT 02:00 before retreating, pulling back to 156.63 around GMT 03:30. As of GMT 04:30, the pair is trading sideways in the upper 156-yen range.
2026.01.07
Dollar holds firm on euro selling pressure
Today the USDJPY hit a high of 156.80 around GMT 00:00 but failed to extend gains, dropping to a low of 156.50 around GMT 03:30. As of GMT 04:30, the pair is drifting without clear direction in the upper 156-yen range.
2026.01.06
Weak U.S. Economic Data Pushes Dollar Lower
Today the USDJPY was lifted by yen selling as the Nikkei 225 extended its gains, reaching a high of 156.79 shortly after GMT 00:30. However, dollar selling erased those gains. As of GMT 04:30, the pair is trading in the lower 156-yen range.
2026.01.05
Rising long-term bond yields lift the dollar
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 is seeing dollar strength as long-term bond yields in the Japanese government bond market have reached their highest levels since 1999. As of GMT 04:30, the pair hit a high of 157.29 and continues to trade firmly.
2025.12.30
Low trading volume ahead of FOMC: wait-and-see mode
Today the USDJPY is seeing low trading volume conditions, reaching a high of 156.33 yen shortly after GMT 02:00, though upside momentum remains limited, with the pair trading in the lower 156-yen range as of GMT 05:00.
2025.12.29
Market shifts to yen buying following BOJ opinions
Today the USDJPY tilted toward yen buying following hawkish Bank of Japan opinions stating that "further adjustment of the degree of monetary accommodation will be necessary," hitting a low of 156.05 yen around GMT 00:00. As of GMT 04:30, the pair is trading weakly in the lower 156-yen range.
2025.12.26
Yen selling slightly dominant, but momentum lacks power to chase higher prices
Today the USDJPY touched a low of 157.07 around GMT 00:00, then rose to reach a high of 157.47 around GMT 01:30. As of GMT 04:00, it is trading in the 157.3 range.
2025.12.25
Upside resistance continues, subdued trading on Christmas
Today the USDJPY continues to trade sideways in the upper 155-yen range. With Christmas Day upon us, market activity remains subdued.
2025.12.24
Pre-Christmas adjustment continues.
Today the USDJPY continues to see pre-Christmas position adjustments, with strong yen buying pressure. The pair reached a low of 155.55 yen shortly after GMT 02:00, but has since rebounded and is trading around 156.0 yen as of GMT 04:30.
2025.12.23
[December 23] Yen rebounds as Ministry of Finance issues verbal warning
Today the USDJPY has continued the previous day's dollar-selling and yen-buying momentum. Comments from Finance Minister Katayama warning that authorities would "take appropriate measures against excessive currency fluctuations" added to yen-supportive sentiment, pushing the pair to a low of 155.96 yen shortly after GMT 04:00.
2025.12.22
[December 22] USDJPY Hits 157-Yen, Dovish BOJ Comments Drive Yen Weakness
Today the USDJPY is slightly weak as a correction to the sharp rally at the end of last week. The pair hit a low of 157.23 yen shortly after GMT 02:00 and is currently trading in the 157.3-yen range as of GMT 05:00.
2025.12.19
[December 19] USDJPY hits 156 yen, BOJ rate hike meets expectations
Today the USDJPY saw yen selling dominate ahead of the Bank of Japan's monetary policy announcement. When the expected 0.25% rate hike was confirmed, the pair reached a high of 156.16 yen shortly after GMT 03:00. As of GMT 05:00, it is trading in the lower 156-yen range.
2025.12.18
[December 18] USDJPY in mid-155-yen range, dollar buying ahead of BOJ meeting
Today the USDJPY declined to 155.42 around GMT 00:30 before turning upward, and as of GMT 05:00 is trading in the upper 155-yen range.
2025.12.17
[December 17] USDJPY < mid-154 on weak jobs data, mixed outlook
Today the USDJPY touched a low of 154.56 shortly after GMT 01:00 before bouncing back, then reached a high of 155.02 around GMT 03:00. As of GMT 04:00, it is trading in the upper 154-yen range. Trading activity remains subdued ahead of the Bank of Japan monetary policy meeting, which begins tomorrow.
