2025.01.09 [January 9] USDJPY weakens, falling below 158. Market moves cautiously ahead of tomorrow's employment statistics.
This article was :
published
updated
Recap of previous trading day (January 8)
Yesterday the USDJPY hit a low of 158.02 around GMT 00:30, then fluctuated while moving upward. Around GMT 11:30, it reached a high of 158.55, but the upward movement paused there.
The U.S. December ADP employment change released at GMT 13:15 showed 122,000 jobs versus the expected 140,000, a poor figure, but market reaction was limited. Trading for the day closed at 158.34.
Recap of the Tokyo market and outlook going forward
Today the USDJPY reached a high of 158.39 around GMT 23:00, then trended downward, temporarily falling below 158 shortly after GMT 02:00. As of GMT 04:00, it is range-bound in the 157.9 level.
Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on January 9), the price turned downward from above the middle line and reached -2 standard deviations. If it breaks below 157.9, there is potential for further downside movement.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
Today, no closely watched economic indicators are scheduled for release.
Was this article helpful?
No
Yes
0 out of 0 people found this article helpful.
Thank you for your feedback.
