2025.05.27 [May 27] Speculation over reduction of bond issuance causes sharp interest rate decline. USDJPY moves back and forth above breaking the 142-yen level.
This article was :
published
updated
Recap of previous trading day (May 26)
Yesterday the USDJPY hit a high of 143.08 yen immediately after the opening and then fell back, reaching a low of 142.22 yen around GMT 02:00. It then turned upward and trading for the day closed at 142.83 yen.
Recap of the Tokyo market and outlook going forward
Today the USDJPY came under selling pressure due to hawkish comments from BOJ Governor Kazuo Ueda, reaching a low of 142.11 yen shortly after GMT 01:00, but speculation over reduction of bond issuance caused the yen to weaken rapidly. As of GMT 05:00, it is rising in the lower 143-yen range.
Looking at the 1-hour chart of the USDJPY (as of GMT 05:00 on May 27), it shows volatile price action from breaking below -2 standard deviations to breaking substantially above +2 standard deviations, making it difficult to see directional momentum.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
- GMT 12:30 U.S. April durable goods orders
- GMT 12:30 U.S. April durable goods orders excluding transportation
- GMT 13:00 U.S. March Case-Shiller home price index
- GMT 14:00 U.S. May Consumer Confidence Index (Conference Board)
Don't miss trade opportunities with a 99.9% execution rate
Was this article helpful?
No
Yes
0 out of 0 people found this article helpful.
Thank you for your feedback.
