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.
2025.04.16
[April 16] Little momentum but downward pressure on the dollar persists
Today the USDJPY reached a high of 143.28 yen shortly after GMT 23:00 (on April 15) before declining, hitting a low of 142.46 yen around GMT 04:00. Looking at the 1-hour chart of the USDJPY (as of GMT 04:30 on April 16), it appears to be breaking below the consolidation range and approaching the support line around 142.22 yen.
2025.04.15
[April 15] Drop pauses while price struggles to rise, hovering around 143-yen range
Today the USDJPY traded somewhat firmly from the opening, reaching a high of 143.59 yen shortly after GMT 00:30. After the TTM (Telegraphic Transfer Middle Rate) passed, the price declined, and as of GMT 04:00, it is trading in the lower 143-yen range.
2025.04.14
[April 14] Fluctuations in Trump-era market continue, USDJPY drops to 142-yen range before settling
Today the USDJPY touched a high of 144.06 yen around GMT 22:00 due to reports that smartphones would be excluded from mutual tariffs. However, when those reports were denied, expectations for mitigation of trade friction receded, causing a decline. The price touched a low of 142.25 yen around GMT 01:30 and stabilized, remaining in the lower 143-yen range as of GMT 04:00.
2025.04.11
[April 11] U.S. triple weakness due to Trump tariff policy, USDJPY falls below 143 yen
Today the USDJPY accelerated its decline as President Trump warned Mexico of additional tariffs regarding a water treaty. Around GMT 00:30, it hit a low of 142.88 yen. As of GMT 04:00, it continues to fall in the low 143-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on April 11), the downward trend continues. If it breaks below 142 yen, it could potentially reach the 140-yen range.
2025.04.10
[April 10] Sudden announcement of 90-day suspension of reciprocal tariffs causes USDJPY to surge by about 4 yen
Today the USDJPY has seen adjustment selling from the previous day, and as of GMT 04:30, it is trading in the 146.5-yen range. The U.S. has strengthened tariffs against China, and the risk of Chinese retaliation is weighing on the upside. Looking at the 1-hour chart of the USDJPY (as of GMT 04:40 on April 10), it is in an adjustment phase after the surge, making it difficult to read the directional trend on this time frame.
2025.04.09
[April 9] Trump tariffs implementation leads to further decline, USDJPY falls below 145 yen
Today the USDJPY saw increased yen buying due to the U.S. government's announcement of guidance on China tariffs and the implementation of Trump tariffs, reaching a high of 146.34 yen around GMT 22:00 (on April 8), followed by a continued decline, hitting a low of 144.57 yen shortly after GMT 04:00. As of GMT 05:00, it is trying to return to the 145-yen range.
2025.04.08
[April 8] Risk aversion calms down, USDJPY temporarily returns to the 148-yen range
Today the USDJPY touched a high of 148.12 yen around GMT 22:30 (on April 7) before gradually turning downward, reaching 147.25 yen around GMT 02:30. As of GMT 04:30, it is trading in the mid-147-yen range.
2025.04.07
[April 7] Trump tariff confusion subsides, USDJPY rebounds approximately 2 yen to the 146-yen range
The USDJPY started this week with a large downward gap. There was risk-averse yen buying after U.S. Treasury Secretary Scott Bessent showed a positive attitude toward tariffs over the weekend. The USDJPY touched a low of 144.81 shortly after GMT 23:00 (on April 6), then rebounded to reach a high of 146.84 shortly after GMT 02:30, and as of GMT 04:00 is moving in the lower half of the 146-yen range.
2025.04.04
[April 4] About 5 yen crash since April 2, decline pauses but recovery is sluggish
Today the USDJPY rose from a low of 145.54 yen marked shortly after GMT 22:00 (on April 3), reaching a high of 146.40 yen around GMT 01:00, but was then pushed back. As of GMT 04:00, it is trading in the upper 145-yen range.
2025.04.03
[April 3] Trump tariff implementation pushes towards breaking below 147 yen
Looking at the 1-hour chart of the USDJPY (as of GMT 04:30 on April 3), the downward trend is continuing, with the next target likely to be the March 11 low of 146.51 yen.
2025.04.02
[April 2] Market cautious ahead of mutual tariff implementation
Today the USDJPY continued its upward trend from yesterday, but after reaching a high of 149.95 yen shortly after GMT 02:00, it was pushed back and is trading in the 149.7-yen range as of GMT 04:00. Caution is increasing regarding the mutual tariffs set to take effect today.
2025.04.01
[April 1] Caution about mutual tariffs pauses, USDJPY fails to clearly break above 150 yen and loses momentum
Today the USDJPY reached a high of 150.14 yen shortly after GMT 00:00 before retreating, and as of GMT 04:00 it is trading in the 149.5-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on April 1), it bounced back from yesterday's high of 150.26 yen and is testing support around 149.40 yen. If it cannot rebound from this level, a continuation of the downward trend may be anticipated.
2025.03.31
[March 31] Nikkei average down 1,300 yen as Trump hints at further tariff strengthening, tariff risk may continue
Today the USDJPY is experiencing risk-averse yen appreciation in response to reports that President Trump is considering higher tariffs on a wider range of countries. It bottomed out at a low of 148.72 yen shortly after GMT 02:30, and as of GMT 04:00, it is gradually rising in the 148.9-yen range.
2025.03.28
[March 28] Dollar strength continues but pauses around 151 yen
Today the USDJPY reached a high of 151.21 yen around GMT 00:30, then fell back and hit a low of 150.70 yen shortly after GMT 01:30. As of GMT 04:30, it has risen back to the upper 150-yen range.
2025.03.27
[March 27] Impact of Trump tariffs subsides, dollar buying may have run its course
Today the USDJPY hit a high of 150.62 yen shortly after GMT 00:00, and 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 04:30 on March 27), the middle line has become almost horizontal in the range from 150.0 yen to 150.75 yen, indicating a lack of momentum.
2025.03.26
[March 26] Lacking clear directional momentum as price moves above and below 150 yen
Today the USDJPY is firm, rebounding from yesterday's decline and seeing buying on the back of Bank of Japan Governor Kazuo Ueda's dovish comments. As of GMT 05:00, it is trading in the 150.5-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 05:00 on March 26), the price has been moving significantly up and down between around 149.5 yen and just short of 151 yen, making it difficult to grasp the directional trend.
2025.03.25
[March 25] Surpassing 150 yen, but upward momentum pauses just short of 151 yen
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 150.94 yen shortly after GMT 00:30, but failed to continue rising and fell back. As of GMT 05:00, it is moving in the mid-150 yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 05:20 on March 25), it has been pushed back to the middle line and may temporarily return to around 150.0 yen.
2025.03.24
[March 24] Risk aversion for Trump tariffs recedes, USDJPY approaches 150 yen
Today the USDJPY has been trending, reaching a high of 149.95 shortly after GMT 01:30, but did not exceed 150. As of GMT 04:00, it is trading in the upper 149-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 04:40 on March 24), it has been pushed back just short of 150, but if it breaks above this level, it could extend higher after a pullback.
2025.03.21
[March 21] Rebounding after decline following Japan CPI, recovery buying aims for return to 150 yen
Today the USDJPY saw yen buying in response to the positive results of Japan's February CPI announced at GMT 23:30 (on March 20), touching a low of 148.58 yen, but it has been firm since recovering afterward, and as of GMT 05:00, it is approaching the mid-149 yen range.
2025.03.20
[March 20] Sharp decline due to concerns over U.S. economic slowdown, approaching below 148 yen
Today the USDJPY hit a low of 148.18 yen shortly after GMT 02:00, and as of GMT 04:00, it is trading in the lower 148-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on March 20), volatility has expanded rapidly, and it has entered a downward Bollinger Band walk.
