2025.11.26 NEW
[November 26] USDJPY drops below 156 on rising Bank of Japan rate hike expectations
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Recap of previous trading day (November 25)
Yesterday the USDJPY traded softly after hitting a high of 156.98 around GMT 00:30. The pair hit a low of 155.80 after GMT 17:00 and trading for the day closed at 155.98.
Recap of the Tokyo market and outlook going forward
Today the USDJPY is seeing strong yen buying as reports suggest the Bank of Japan is adopting a more hawkish stance, raising expectations for a rate hike in December. The price reached a low of 155.65 around GMT 02:30 then rebounded, and as of GMT 04:00 is moving in the lower 156-yen range.
Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on November 26), the pair declined after consolidation, and direction has once again become unclear. If it breaks below 155.65 yen, the downward momentum may strengthen further.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
- GMT 13:30 U.S. Initial jobless claims for the previous week
- GMT 13:30 U.S. Continuing jobless claims for the previous week
- GMT 13:30 U.S. September durable goods orders
- GMT 13:30 U.S. September durable goods orders excluding transportation
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