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.
2025.01.10
[January 10] Small movements around 158 yen. Market in wait-and-see mood ahead of U.S. employment statistics.
Today the USDJPY touched a low of 157.93 around GMT 01:00, then rose to reach a high of 158.28 shortly after GMT 02:30, and as of GMT 04:00 is moving in the lower half of the 158-yen range. With U.S. employment statistics scheduled for release at GMT 13:30 today, there is little momentum in the market.
2025.01.09
[January 9] USDJPY weakens, falling below 158. Market moves cautiously ahead of tomorrow's employment statistics.
Today the USDJPY reached a high of 158.39 around GMT 23:00, then trended downward, temporarily falling below 158 shortly after GMT 02:00. As of GMT 04:00, it is range-bound in the 157.9 level. If it breaks below 157.9, there is potential for further downside movement.
2025.01.08
[January 8] USDJPY continues to edge higher with sluggish trading above 158
Today the USDJPY touched a high of 158.24 around GMT 23:30 (on January 7) before temporarily falling back, but as of GMT 04:00 it has recovered. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on January 8), the middle line maintains its upward slope, and the candlesticks are rising while making higher lows. The upward trend appears likely to continue.
2025.01.07
[January 7] Price fluctuates on Trump tariff news, rebounds above 158 yen
Today the USDJPY showed an upward trend directly after the open, reaching a high of 158.41 around GMT 01:30. Looking at the 1-hour chart of the USDJPY(as of GMT 03:30 on January 7), the width of the Bollinger Bands has expanded, and the middle line is also showing an angle. The upward trend appears likely to continue.
2025.01.06
[January 6] Continued trend of firm yen weakness and dollar strength - will the dollar exceed 158 yen?
Looking at the 1-hour chart of the USDJPY chart (as of GMT 04:00 on January 6), the width of the Bollinger Bands was expanding. On this timeframe, as it is showing an upward Bollinger Band walk, an upward trend appears likely.
2024.12.27
[December 27] USDJPY briefly exceeds 158, remains firm despite verbal intervention on yen weakness
Today the USDJPY saw dollar selling pressure following Finance Minister Katsunobu Kato's verbal intervention against yen weakness, touching a low of 157.57 around GMT 02:00. As of GMT 04:00, it is trading in the 157.6 range. Looking at the 1-hour chart of the USDJPY (as of GMT 03:50 on December 27), while the candlesticks temporarily reached -1 standard deviation, the middle line continues to trend upward.
2024.12.26
[December 26] Yen selling slightly dominant, but momentum lacks power to chase higher prices
Today the USDJPY touched a low of 157.07 around GMT 00:00, then rose to reach a high of 157.47 around GMT 01:30. Looking at the 1-hour chart(as of GMT 04:00), it is trading between +1 standard deviation and +2 standard deviations, exceeding the range ceiling of 157.4. With the middle line beginning to show an angle, an upward bias appears appropriate.
2024.12.25
[December 25] Many countries closed for Christmas, range continues in early 157-yen level
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 reached a high of 157.32 shortly after GMT 00:30, and as of GMT 04:00 is trading around 157.0. Today many countries are closed for Christmas, and trading is unavailable at multiple FX companies. With reduced price movement and widening spreads, there's no need to trade unless you have a specific target.
2024.12.24
[December 24] Christmas Eve shows firmness but lacks direction, USDJPY maintains 157-yen range
Today the USDJPY reached a high of 157.39 shortly after GMT 00:30, then fell back to record a low of 157.05 shortly after GMT 01:30. Tomorrow, December 25, many FX companies will suspend trading. With reduced price movement and widening spreads, there is no need to trade unless you have a specific target.
2024.12.23
[December 23] Market slightly weaker after major events pass. Limited movement ahead of Christmas.
Today the USDJPY hit a high of 156.69 around GMT 01:00 but failed to extend gains, and traded in a range-bound market in the 156.6 to 156.3 range. This being Christmas week, market participation is expected to be low with no clear indication of direction.
2024.12.20
[December 20] BOJ Governor Kazuo Ueda's dovish comments push yen lower, USDJPY exceeds 157
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 157.92 around GMT 00:00, but fell below 157 temporarily due to Finance Minister Katsunobu Kato's comments aimed at restraining yen depreciation and dollar selling in reaction to yesterday's yen depreciation. Looking at the 1-hour chart of the USDJPY (as of GMT 03:50), the band width is narrowing and has temporarily reached -1 standard deviation.
2024.12.19
[December 19] U.S.-Japan Interest Rate Differential Maintains Trend USDJPY breaks above 155 yen
Today the USDJPY responded to the Bank of Japan's monetary policy meeting decision to maintain policy rates with yen selling. Looking at the 1-hour chart of the USDJPY (as of GMT 05:10, December 19), the Bollinger Band width has expanded, and the price is trending upward between +1 standard deviation and +2 standard deviations. The November high of 156.74 appears to be the next target.
2024.12.18
[December 18] U.S. and Japan interest rate announcements approaching. USDJPY stagnates in upper 153 range.
Today the USDJPY reached a high of 153.78 shortly after GMT 01:30, then traded within a range in the upper 153 level. Looking at the 1-hour chart of the USDJPY (as of GMT 03:30 on December 18), it has risen from -2 standard deviations and is stagnating at the middle line. If it breaks below -1 standard deviation again, there could be potential for further downside movement
2024.12.17
[December 17] USDJPY briefly falls below 154, limited movement ahead of U.S. FOMC
Today the USDJPY reached a high of 154.34 around GMT 00:30, then declined to hit a low of 153.80 shortly after GMT 02:00. Looking at the 1-hour chart of the USDJPY (as of GMT 03:30 on December 17), while approaching -1 standard deviations from the range, the middle line is still trending upward. It is reasonable to maintain an upward bias.
2024.12.16
[December 16] USDJPY strengthens towards 154 amid expectations Bank of Japan will maintain policy rate
Today the USDJPY rose from a low of 153.32 around GMT 00:00, reaching a high of 153.97 around GMT 02:00 before being pushed back. As of GMT 04:00, it is trading directionlessly in the upper 153 range.
2024.12.13
[December 13] USDJPY Recovers to 153-Yen Level as Bank of Japan Rate Hike Expectations Recede
Today the USDJPY reached a high of 153.04 around GMT 03:00, as the Bank of Japan Tankan survey results released around GMT 23:30 (on December 12) were largely in line with expectations, suggesting that expectations for a Bank of Japan rate hike have receded. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on December 13), the band width has expanded, with candlesticks moving between +1 standard deviation and +2 standard deviations.
2024.12.12
[December 12] Market fluctuates on reports of Bank of Japan rate hike speculation. CPI in line with expectations, no trend.
Today the USDJPY hit a high of 152.45 around GMT 23:00 (December 11), then trended downward, recording a low of 151.95 shortly after GMT 01:00. Looking at the 1-hour chart (as of GMT 04:00 on December 12), the band width has narrowed and broken below the middle line. If it breaks below 152, it looks likely to aim lower.
2024.12.11
[December 11] Market in wait-and-see mode ahead of U.S. CPI, giving back yesterday's gains
Today the USDJPY marked a low of 151.41 around GMT 03:30 triggering yen buying in the market. Looking at the 1-hour chart (as of GMT 03:30), it fell from +2 standard deviations to -2 standard deviations but has since rebounded and is rising. If it continues to approach the middle line, it looks appropriate to maintain an upward bias.
2024.12.10
[December 10] The battle at 150 yen tips toward yen weakness. Chinese monetary easing expectations invite yen selling.
Today the USDJPY reached a high of 151.54 around GMT 01:00 before declining, and as of GMT 04:00 is trading in the lower 151 range. Looking at the 1-hour chart of the USDJPY (as of GMT 03:50), the upward Bollinger Band walk has ended, breaking below +1 standard deviation and approaching the middle line. If it breaks below 151, the decline is likely to gain momentum.
2024.12.09
[December 9] USDJPY struggles to move higher as employment report fails to boost price and risk aversion continues
Today the USDJPY touched 149.69 around GMT 00:30, but recovered to around 150 yen near GMT 01:30, and as of GMT 04:00, continues to trade in the same range without clear direction.