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.
2024.12.06
[December 6] Market stalemate around 150 yen. U.S. employment statistics may trigger movement.
Today the USDJPY reached a high of 150.27 around GMT 00:00, then declined, hitting a low of 149.75 shortly after GMT 02:00. As of GMT 04:00, it is trading in the upper 149-yen range. U.S. employment statistics are scheduled for release today at GMT 01:30. Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 on December 6), the candlestick has reached negative 2 standard deviation, and if it breaks below yesterday's low of 149.65, there is potential for further downward movement.
2024.12.05
[December 5] Markets stabilize both up and down, possibly waiting for tomorrow's employment statistics
Today the USDJPY reached a high of 150.77 around GMT 23:00, then declined, hitting a low of 150.18 around GMT 01:30. As of GMT 04:00, it is trading in the lower 150-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 on December 5), the middle line is approaching horizontal.
2024.12.04
[December 4] Currency market turmoil in South Korea in early afternoon, risk-off yen buying pushes USDJPY below 149
Today the USDJPY began to rise at around GMT 00:00, and shortly after GMT 01:00 it marked a high of 150.08. Looking at the 1-hour chart of the USDJPY (as of GMT 03:50 on December 4), after rising to +1 standard deviation, it is being held down by the recent high of 150. It looks appropriate to maintain a downward bias in line with the middle line.
2024.12.03
[December 3] The battle around the 150 yen line continues. Will the market recover from yesterday's decline?
Today the USDJPY, perhaps as a reaction to yesterday's yen strength and dollar weakness, has risen from its low of 149.49 marked shortly after GMT 23:30, exceeded 150 after GMT 03:30, and as of GMT 04:00 is continuing to rise in the lower 150 range. Looking at the 1-hour chart of the USDJPY (as of GMT 03:50, December 3), it has broken above the middle line and is approaching +1 standard deviation. If it breaks above yesterday's high of 150.75, it looks likely to extend even further.
2024.12.02
[December 2] Trump warns of 100% tariffs on BRICS nations, USDJPY exceeds 150 again
Looking at the 1-hour chart of the USDJPY (as of GMT 03:50 December 2), it showed a significant rise from -2 standard deviations to +2 standard deviations, but the most recent candlestick has formed a long upper wick with a down bar. If the price breaks below the middle line around 150 yen, there is a possibility that the downward trend will continue.
2024.11.29
[November 29] Dollar selling accelerates on December rate hike expectations, breaking below key 150 yen level for first time in a month
Today the USDJPY touched a low of 149.85 around GMT 01:30 after the release of Tokyo CPI at GMT 23:30 (November 28) showed positive results, strengthening expectations that the Bank of Japan would raise rates in December. This is the first break below 150 since October 21. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on November 29), the band width has expanded, with candlesticks moving along -2 standard deviations. The downward trend appears likely to continue.
2024.11.28
[November 28] USDJPY falls below 151 on double punch of dollar selling pressure and position adjustments, with U.S. markets closed for Thanksgiving today
Today the USDJPY rose directly after the open, reaching a high of 151.75 around GMT 01:00. Looking at the USDJPY 1-hour chart (as of GMT 03:50) price has risen above the middle line. While this timeframe suggests an upward bias, we should remain cautious about the possibility of the price breaking below the middle line and declining again.
2024.11.27
[November 27] USDJPY weakens as selling pressure intensifies
Today the USDJPY has continued to decline from its high of 153.23 directly after the open, and as of GMT 04:00, it is trading around the mid-152 level. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00, November 27), the candlesticks are moving between -1 standard deviation and -2 standard deviations, suggesting the downward trend is likely to continue.
2024.11.26
[November 26] Market maintains wait-and-see mood while reacting to Trump's comments
Today the USDJPY recorded a high of 154.49 after GMT 23:30 in response to Trump's comments about imposing tariffs on China, Mexico, and Canada. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on November 26) the middle line is trending downward. If the price breaks below 153.55, it is expected to continue on a downward trend.
2024.11.25
[November 25] USDJPY temporarily falls below 154 on Trump personnel news, but directional bias still unstable
Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on November 25), the candlesticks are moving between -1 standard deviation and -2 deviations. It seems appropriate to maintain a downward bias until prices break above the middle line.
2024.11.22
[November 22] Risk-averse mood prevails amid unsettling Ukraine situation
Today the USDJPY touched a low of 153.96 around GMT 00:00, but as of GMT 04:00, it continues to trade in a range-bound market in the lower 154-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on November 22), the middle line is approaching horizontal, and the band width is contracting, indicating that the market has become trendless over the period shown.
2024.11.21
[November 21] USDJPY softens before 156, trading remains subdued
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
[November 20] USDJPY breaks through 155 yen, using risk-aversion-driven sharp drop as buying opportunity
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
[November 19] Will the post-U.S. presidential election dollar strength stall? Caution toward downward movement
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
[November 18] Nearly 3-yen decline pauses, yen selling emerges as rate hike expectations are dampened
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
[November 15] Underlying tone of yen weakness continues on strong U.S. economy
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
[November 14] USDJPY breaks through 156 yen - will the upward trend continue?
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
[November 13] Will the USDJPY exceed 155 yen amid lack of strong market drivers?
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
[November 12] USDJPY Touches 154, May Aim for Recent Highs
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
[November 11] USDJPY Halts Decline Near 151 Yen, Now Rising in 153 Yen Range
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.
