2025.09.26
[September 26] Strong U.S. economic data drives USDJPY to continue rising near the 150-yen range
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Recap of previous trading day (September 25)
Yesterday the USDJPY traded sideways in the upper 148-yen range until New York trading hours began, but strong U.S. second-quarter real GDP data released at GMT 12:30 led to reduced expectations for additional rate cuts. Dollar buying concentrated around GMT 18:00, reaching a high of 149.92 yen before trading for the day closed at those elevated levels.
Recap of the Tokyo market and outlook going forward
Today the USDJPY reached a high of 149.95 yen around GMT 00:30, where the rally paused, and as of GMT 04:30 it is trading in the 149.7-yen range.
Looking at the 1-hour chart of the USDJPY (as of GMT 05:00 on September 26), the Bollinger Band width has expanded and the middle line is pointing upward. If it breaks above 150 yen, further upside momentum is likely to continue.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
- GMT 12:30 U.S. August Personal Income
- GMT 12:30 U.S. August Personal Consumption Expenditures (PCE)
- GMT 12:30 U.S. August Personal Consumption Expenditures (PCE deflator)
- GMT 12:30 U.S. August Personal Consumption Expenditures (PCE core deflator, excluding food and energy)
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