Forex report

FXON's technical analysts provide market reports in the form of columns on the most recent foreign exchange market movements, based on world news and economic activities. Please take a look at it as a reference for your trading.


2024.11.21
NEW
Today the USDJPY moved down directly after the open, marking a low of 154.87 around GMT 02:00. As of GMT 04:00, it is trading in a narrow range around 155.00. Looking at the 1-hour chart of the USDJPY (as of GMT 03:30 on November 21), the candlesticks are moving below the middle line near the -2 standard deviations level.
2024.11.20
As a so-called "5/10 day" (a date ending in "5" or on a multiple of "10" on which Japanese companies often settle foreign exchange payments), today the USDJPY rose from its early low of 154.53 yen made directly after the open, and exceeded 155 yen after GMT 04:00. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on November 20), yesterday's decline has become a buying opportunity causing a rise, with candlesticks moving toward the +2 standard deviation direction.
2024.11.19
Today the USDJPY moved down directly after the open, marking a low of 153.95 around GMT 03:00. 1-hour chart (as of GMT 03:50), the middle line has started to slope downward, with the price falling along the -2 standard deviation line. If it breaks below yesterday's low of 153.84, it looks likely to test even lower levels.
2024.11.18
Looking at the USDJPY 1-hour chart (as of GMT 03:40 November 18), it is rebounding from the -2 standard deviation toward the middle line. If it exceeds today's high of 155.14, it looks likely to rise further.
2024.11.15
As a so-called "5/10 day" (a date ending in "5" or on a multiple of "10" on which Japanese companies often settle foreign exchange payments), today the USDJPY hit a high of 156.74 after GMT 00:30. As of GMT 04:00, it is trading in the lower 156-yen range.
2024.11.14
Today the USDJPY began to rise at around GMT 00:00, reaching 156.06 just after GMT 02:30, before falling back. After GMT 04:00, it again exceeded 156 yen and continues to rise. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 November 14), the price is moving between the +2 and +1 standard deviation Bollinger Bands, maintaining an upward trend.
2024.11.13
Today, the USDJPY testing the 155 level As of GMT 04:00, it remains range-bound in the upper 154 range. 1-hour chart the price is moving between +2 and +1 standard deviations with reduced momentum, though the middle line maintains its upward slope. A breakthrough above the critical 155 level could accelerate the upward trend.
2024.11.12
Today's USDJPY declined from around GMT 23:00 (November 11), touching 153.47 before turning upward and reaching 154.05 around GMT 02:00. Although it exceeded 154, after breaking above the +2 standard deviation level it fell back, and if it breaks below today's low of 153.47, there is a possibility it could transition into a downward trend.
2024.11.11
Today the USDJPY has been rising with repeated rebounds straight after the open, reaching a high of 153.46 around GMT 03:30. Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 on November 11), it is trading above the middle line near the +2 standard deviation level, with the band width expanding.
2024.11.08
Today's USDJPY rose to 153.37 around GMT 01:30, but later fell back to around 153. As of GMT 04:00, it continues to trade in the upper 152-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on November 8), the middle line is trending down, and the price is moving near the -1 standard deviation level. The focus is on whether it will break below yesterday's low of 152.69 yen.
2024.11.07
Today's USDJPY maintains its position in the 154 range, recording 154.71 yen around GMT 00:30. As of GMT 04:00, it continues to trade in the mid-154 yen range. Looking at the 1-hour chart, after the sharp rise, the band width has narrowed, and currently no trend is visible.
2024.11.06
Today's USDJPY surged on reports of Trump's strong performance, reaching 154.30 yen around GMT 02:30. After GMT 05:00, it declined somewhat and is moving in the mid-153 yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 15:40 on November 5), it has broken above the recent high of 153.88 yen and is trading above the +2 standard deviations level.
2024.11.05
As a so-called "5/10 day" (a date ending in "5" or on a multiple of "10" on which Japanese companies often settle foreign exchange payments), today the USDJPY has risen despite pushback, and as of GMT 04:00 is trading in the lower half of the 152-yen range. If the movement to fill the gap continues beyond the previous day's high of 152.52 yen, we might see levels above 153 yen.
2024.11.04
This week the USDJPY gapped down at the open and started trading at 152.26 yen. It moved down directly after the open, marking a low of 151.59 at around GMT 05:30. Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 on November 4), the middle line is trending downward, with the candlesticks breaking below the -1σ and falling along the -2σ line.
2024.11.01
Today's the USDJPY saw yen buying during Tokyo hours, touching 151.78 yen past GMT 23:30 on October 31, but as of GMT 04:00, is trading in the mid-152 yen range. Looking at the the USDJPY 1-hour chart (as of GMT 04:20, November 1), the decline has paused and turned upward, crossing above the middle line.
2024.10.31
Today it was announced shortly after GMT 02:30 that the Bank of Japan Monetary's Monetary Policy Meeting had left the policy interest rate unchanged.
2024.10.30
Today the USDJPY moved down directly after the open, but after hitting 153.07 some time after GMT 00:00 it bottomed out, and as of GMT 04:00 it was trading in the lower half of the 153-yen range without a clear sense of direction.
2024.10.29
Today the USDJPY initially trended down, falling below 153 yen at around GMT 00:50, but it stopped falling after GMT 01:00, and as of GMT 04:00 had returned to the 153-yen range.
2024.10.28
The USDJPY gapped up at the start of Tokyo trading, starting at 153.18. Selling pressure on the yen accelerated after the ruling coalition failed to secure a majority in Sunday's general election, creating political uncertainty. It hit 153.88 after GMT 01:30 and is trading in the mid-153 range as of GMT 04:00.
2024.10.25
Today, a "5/10 day" (a date ending in "5" or on a multiple of "10" on which Japanese companies often settle foreign exchange payments), the USDJPY rose from 151.57 marked around GMT 00:00 to a high of 152.10 shortly after GMT 01:30 before falling back. As of GMT 04:00, it is trading in the upper half of the 151-yen range. With the general election approaching on October 27, the market is in a wait-and-see mode. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on October 25), the decline from the previous day petered out. It is trading closer to the middle line, with contracting bands indicating no clear directional momentum.

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