2026.03.13 NEW
USDJPY breaks year-to-date high with 160-yen range in sight
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Recap of previous trading day (March 12)
Yesterday the USDJPY pulled back to 158.57 around GMT 11:30, before rebounding and reaching a high of 159.43 shortly after GMT 19:00, with trading for the day closing at that high.
Recap of the Tokyo market and outlook going forward
Today the USDJPY dipped to 159.01 shortly after GMT 00:00 amid comments from Finance Minister Katayama pushing back on yen weakness, before rebounding and reaching 159.68 around GMT 04:30, setting a new year-to-date high.
Looking at the 1-hour chart of the USDJPY (as of GMT 04:40 on March 13), the price continues to climb with pullbacks along the way, having broken above the year-to-date high of 159.45. The next target to the upside looks to be around the key 160-yen level.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
- GMT 12:30 U.S. Real gross domestic product (GDP), Q4
- GMT 12:30 U.S. January Personal Consumption Expenditures (PCE)
- GMT 12:30 U.S. January Personal Consumption Expenditures (PCE deflator)
- GMT 12:30 U.S. January Personal Consumption Expenditures (PCE core deflator, excluding food and energy)
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