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.
2025.06.11
[June 11] Dollar slightly firm on U.S.-China agreement, decision to continue Trump tariffs
Today it was reported that the U.S. and China reached agreement on a trade framework, and the USDJPY hit a high of 145.16 yen shortly after GMT 23:00 (on June 10), but with reports that a U.S. appeals court ruled that Trump tariff measures could continue for the time being, it hit a low of 144.65 yen shortly after GMT 00:00.
2025.06.10
[June 10] Dollar buying continues on expectations for U.S.-China negotiations, USDJPY moving toward 145-yen range
Today the market was focused on BOJ Governor Kazuo Ueda's remarks, but he repeated the same understanding as before that if the possibility of the underlying inflation rate approaching 2% increases, there would be rate hikes, inducing dollar buying. The price hit a high of 145.29 yen around GMT 02:00 and then fell back, and as of GMT 05:00 it is rising in the upper half of the 144-yen range.
2025.06.09
[June 9] USDJPY unable to extend from the 145-yen range, consolidates in the mid-144-yen range
Today the USDJPY reached a high of 144.95 yen shortly after GMT 00:30, but has been trending somewhat weakly, and as of GMT 04:30 it is consolidating around 144.4 yen.
2025.06.06
[June 6] Dollar slightly stronger on hopes for U.S.-China trade talk progress, stalling just below 144 yen ahead of employment statistics
Today the USDJPY traded firmly from the opening, reaching a high of 143.90 yen around GMT 02:30. As of GMT 04:30, it has fallen back and is now rising again toward the high.
2025.06.05
[June 5] Concerns over U.S. economic deterioration cause sharp drop from 144-yen range. Recovery remains sluggish.
Today the USDJPY reached a low of 142.53 yen shortly after GMT 23:00 [on June 4], then slowly turned to rise, and as of GMT 04:30 is rising around the 143.0 yen level.
2025.06.04
[June 4] U.S. economic indicators support yen weakness, USDJPY returns to 144-yen range
Today the USDJPY hit a high of 144.29 yen shortly after GMT 01:00, and as of GMT 05:00 is rising again toward the recent high. Looking at the 1-hour chart of the USDJPY (as of GMT 04:45 on June 4), it has returned to levels before the decline and the uptrend continues. If the price breaks above the recent high of 144.29, the next target appears to be 145.
2025.06.03
[June 3] Yen weakens as expectations for BOJ early rate hike recede, but upward momentum remains limited
Today the USDJPY hit a low of 142.37 yen around GMT 00:30, then reversed following BOJ Governor Kazuo Ueda's comments that he is "not in a hurry to raise rates," and as of GMT 04:30 it is trading in the lower 143-yen range.
2025.06.02
[June 2] Uncertainty in U.S.-China relations, tariff policy weighing on the upside
Today, amid caution over Trump tariff risks and U.S.-China confrontation, the USDJPY declined from a high of 143.98 yen reached around GMT 22:30 (on June 1), hitting a low of 143.32 yen shortly after GMT 01:30. As of GMT 04:00, it is trading in the upper 143-yen range.
2025.05.30
[May 30] USDJPY volatile amid renewed uncertainty over U.S. tariffs
Today the USDJPY traded weakly as the U.S. High Court recognized that Trump tariffs were effective for the time being. Shortly after GMT 01:00, it reached a low of 143.43 yen, and as of GMT 04:00, it is trading in the upper 143-yen range.
2025.05.29
[May 29] Dollar strengthens on U.S. trade court ruling reports, potential sign of trade war resolution
Today the USDJPY saw concentrated dollar buying after reports emerged that the U.S. trade court ruled President Trump's tariffs invalid. The price surged from the upper 144-yen range to 146.28 around GMT 01:00, and as of GMT 05:00 is trading in the upper 145-yen range.
2025.05.28
[May 28] More than 2-yen reversal in a single day, USDJPY stalled in the 144-yen range
Today the USDJPY hit a low of 143.85 yen around GMT 00:30 and rebounded, reaching a high of 144.76 yen around GMT 03:30. The price has been volatile due to remarks by U.S. and Japanese monetary authorities, but is maintaining high levels.
2025.05.27
[May 27] Speculation over reduction of bond issuance causes sharp interest rate decline. USDJPY moves back and forth above breaking the 142-yen level.
Today the USDJPY came under selling pressure due to hawkish comments from BOJ Governor Kazuo Ueda, reaching a low of 142.11 yen shortly after GMT 01:00, but speculation over reduction of bond issuance caused the yen to weaken rapidly. As of GMT 05:00, it is rising in the lower 143-yen range.
2025.05.26
[May 26] Trump tariffs resurface causing risk aversion to reignite, dollar weakness continues
Today the USDJPY surged immediately after the opening to reach a high of 143.08 yen but then fell back, hitting a low of 142.22 yen around GMT 02:00. As of GMT 05:00, it is trading in the upper 142-yen range.
2025.05.23
[May 23] USDJPY recovers to 144-yen range but doesn't last long, USDJPY gradually weakens
Today the USDJPY moved weakly with a high of 144.06 yen immediately after the opening, hitting a low of 143.36 yen around GMT 04:30.
2025.05.22
[May 22] USDJPY temporarily returns to 144-yen range but gradual decline continues
Today the USDJPY hit 144.40 yen shortly after GMT 23:00 (on May 21) following reports that U.S. Treasury Secretary Scott Bessent and Finance Minister Katsunobu Kato did not discuss exchange rate levels, but subsequently fell back, hitting a low of 143.14 yen shortly after GMT 02:30.
2025.05.21
[May 21] Middle East situation and U.S.-China relations risk driving dollar selling toward below 144 yen
Today the USDJPY saw dollar selling due to risk aversion following reports that Israel is planning to attack Iran's nuclear facilities, and reports that China will take countermeasures against U.S. semiconductor regulations on Chinese products. The price reached a low of 143.72 yen shortly after GMT 03:30.
2025.05.20
[May 20] U.S.-Japan yen depreciation correction talks are causing concern, USDJPY struggles to move higher
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 following Finance Minister Katsunobu Kato's statement that he would discuss exchange rates with Scott Bessent, reaching a high of 145.51 yen shortly after GMT 00:00, then declining. Shortly after GMT 01:00, it reached a low of 144.72 yen, and as of GMT 04:00, it is trading in the upper 144-yen range.
2025.05.19
[May 19] USDJPY falls below 145 yen following U.S. credit rating downgrade
Today the USDJPY gapped down at the open. Dollar selling advanced due to Moody's downgrading of the U.S. credit rating over the weekend, reaching a low of 144.80 yen shortly after GMT 01:00. As of GMT 04:00, it is trading in the lower 145-yen range.
2025.05.16
[May 16] Gap from start of week fills, erasing this week's gains
Today the USDJPY reached a high of 145.68 yen shortly after GMT 23:30 (on May 15) before declining, touching a low of 144.96 yen around GMT 01:00. As of GMT 05:00, the decline has paused, and the price is moving in the lower 145-yen range.
2025.05.15
[May 15] Decline pauses in the 145-yen range, concerns grow over yen weakness correction
Today the USDJPY continued to strengthen due to caution that yen weakness correction may become a topic in future Japan-U.S. consultations, following reports that South Korea had discussions with the United States on exchange rate policy earlier this month. The price reached a low of 145.95 yen around GMT 02:30.
