[February 12] Signs of yen weakening as U.S. interest rate expected to remain unchanged. USDJPY moves into 153-yen range.

2025.02.12

[February 12] Signs of yen weakening as U.S. interest rate expected to remain unchanged. USDJPY moves into 153-yen range.

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Recap of previous trading day (February 11)

Yesterday the USDJPY continued to fluctuate around 152, reaching a low of 151.64 around GMT 08:30. It then rebounded and mainly traded in the lower 152-yen range.

The price reached a high of 152.60 around GMT 20:30 (on February 10) and trading for the day closed at 152.48.

Recap of the Tokyo market and outlook going forward

Today buying activity increased due to Fed Chair Jerome Powell's comments from the previous day indicating that U.S. interest rates are expected to remain unchanged, reaching a high of 153.69 as of GMT 04:00.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on February 12), it has broken out of its range, with 155 appearing to be the next target. The upward trend appears likely to continue.

(20-period Bollinger Band, showing ±1 and ±2 standard deviations)

Today's main economic indicators are as follows.

GMT 13:30 U.S. January Consumer Price Index (CPI)
GMT 13:30 U.S. January Consumer Price Index (Core CPI)
GMT 15:00 U.S. Statements from FRB Chairman Jerome Powell
GMT 19:00 U.S. January Monthly Budget Statement

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