2026.02.11 NEW
Dollar selling continues amid U.S. economic slowdown concerns
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Recap of previous trading day (February 10)
Yesterday the USDJPY traded weakly after reaching a high of 156.29 around GMT 00:30, with disappointing U.S. retail sales data released at GMT 13:30 further supporting yen strength. The pair hit a low of 154.05 shortly after GMT 16:00 and trading for the day closed at 154.38 yen.
Recap of the Tokyo market and outlook going forward
Today the USDJPY continues its weak performance, breaking below the 154-yen range as dollar selling persists amid U.S. economic slowdown concerns, with Tokyo markets closed. The price reached a low of 153.34 around GMT 04:30.
Looking at the 1-hour chart of the USDJPY (as of GMT 04:40 on February 11), a strong downward trend continues below the middle line. A decisive break below 153 yen could lead to further downside toward the January 27 low of 152.09 yen
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
- GMT 13:30 U.S. January Nonfarm payrolls
- GMT 13:30 U.S. January Unemployment rate
- GMT 13:30 U.S. January Average hourly earnings
- GMT 19:00 U.S. January Monthly Budget Statement
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