2025.12.15
[December 15] USDJPY softens toward 155 yen at the start of the week as yen strengthens ahead of Bank of Japan meeting
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Recap of previous trading day (December 12)
On Friday of last week the USDJPY traded slightly firm after the post-FOMC decline paused. The price hit a high of 156.12 shortly after GMT 12:30 but failed to extend gains, and trading for the day closed at 155.80.
Recap of the Tokyo market and outlook going forward
Today the USDJPY touched 155.98 shortly after GMT 00:30, but selling of the New Zealand dollar against the yen on expectations of an RBNZ rate cut weighed on the pair, pushing it below 155.2 yen as of GMT 05:00.
Looking at the 1-hour chart of the USDJPY (as of GMT 05:20 on December 15), the decline is accelerating rapidly, with the pair approaching the recent low of 154.94 yen. A break below this level could signal the start of a full-fledged downtrend.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
- GMT 13:30 U.S. December NY Empire State Manufacturing Index
- GMT 15:00 U.S. December NAHB Housing Market Index
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