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.
2025.08.20
[August 20] Yen buying slightly dominant but direction unclear, USDJPY continues small movements
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 147.81 around GMT 00:30, but declined after the TTM (Telegraphic Transfer Middle Rate) passed, hitting a low of 147.42 shortly after GMT 01:30. As of GMT 05:00, it is moving in the mid-147 yen range.
2025.08.19
[August 19] USDJPY edges higher in small moves, briefly surpasses 148-yen level
Today the USDJPY saw dollar buying after rating agency S&P maintained the U.S. Treasury rating at AA+, reaching a high of 148.11 yen around GMT 01:30 before quickly pulling back. As of GMT 05:00 it is showing small moves in the upper 147-yen range.
2025.08.18
[August 18] Decline halted, USDJPY shows modest strength amid lack of catalysts
Today the USDJPY hit a low of 147.08 shortly after GMT 23:00 (on August 17), then moved higher with fluctuations, reaching a high of 147.58 shortly after GMT 02:00. As of GMT 05:00, it is trading in the lower 147-yen range.
2025.08.15
[August 15] Unable to reach new highs, USDJPY almost breaks below 147 yen
Today the USDJPY reversed course from yesterday's gains and traded weakly. The price hit a low of 147.04 around GMT 05:00. Looking at the 1-hour chart of the USDJPY (as of GMT 05:20 on August 15), the price has been capped without breaking recent highs and is now almost breaking below the 147-yen range.
2025.08.14
[August 14] Yen strengthens on awareness of narrowing U.S.-Japan rate differential, USDJPY drops to 146-yen range
Looking at the 1-hour chart of the USDJPY (as of GMT 05:20 on August 14), the middle line is trending downward. As long as the price doesn't break above 147.5 yen, selling on rallies appears to be an effective strategy.
2025.08.13
[August 13] CPI data halts upward momentum, USDJPY moves back to 147-yen range
Today the USDJPY hit a low of 147.70 around GMT 00:00, then reversed higher and reached a high of 148.16 shortly after GMT 02:00. However, upside momentum has since been held down, and as of GMT 05:00 the pair is trading in the upper 147-yen range.
2025.08.12
[August 12] Dollar strengthens ahead of U.S. July CPI data. Rising above the 148-yen range.
Today the USDJPY continued its steady upward momentum from the previous day, hitting a high of 148.44 shortly after GMT 03:30.
2025.08.11
[August 11] Market continues wait-and-see approach amid lack of catalysts. USDJPY approaches mid-147-yen range.
Today the USDJPY has seen little major movement with Tokyo markets closed, but has traded softly and hit a low of 147.42 shortly after GMT 04:00.
2025.08.08
[August 8] Limited movement continues due to lack of catalysts. USDJPY lacks direction, temporarily falls to 146-yen range.
Today the USDJPY hit a low of 146.72 around GMT 00:00 but found support and bounced back, and is currently trading in the lower 147 range as of GMT 04:00. With no major economic indicators, markets are taking a wait-and-see approach.
2025.08.07
[August 7] Limited volatility since the start of the week, battle continues in the 147-yen range
Today the USDJPY turned higher after hitting a low of 147.15 shortly after GMT 23:00 (on August 6), and as of GMT 04:00 is consolidating in the upper 147-yen range.
2025.08.06
[August 6] USDJPY finds support after decline, consolidates in 147-yen range
Today the USDJPY reached a high of 147.75 around GMT 02:00 but failed to extend gains, then hit a low of 147.30 around GMT 04:30, resulting in lackluster movement.
2025.08.05
[August 5] Dollar buying fails to persist, heavy resistance continues at higher levels
Today the USDJPY rebounded after hitting a low of 146.61 yen around GMT 00:00, but failed to extend gains beyond 147.26 yen reached around GMT 04:00, and as of GMT 05:00 is trading in the lower 147-yen range.
2025.08.04
[August 4] Sharp 3-yen drop due to weak U.S. employment data halts dollar strength
Today the USDJPY reached a high of 147.90 yen around GMT 01:30, but failed to extend into the 148-yen range, and as of GMT 05:00 is moving somewhat softly in the upper 147-yen range.
2025.08.01
[August 1] BOJ maintains monetary policy, yen weakens approaching 151-yen range
Today the USDJPY reached a high of 150.91 yen shortly after GMT 01:30 but failed to extend gains further. The pair is currently trading in the mid-150-yen range as of GMT 04:00.
2025.07.31
[July 31] U.S. and Japan hold interest rates steady, driving volatility while markets await next catalyst
Today the USDJPY found support after the Bank of Japan announced it would maintain current interest rates, hitting a low of 148.58 around GMT 03:00 before the decline subsided. As of GMT 05:00, the pair is trading in the upper 148-yen range.
2025.07.30
[July 30] Tsunami warning causes yen strength, but risk aversion sentiment proves temporary
Today the USDJPY saw risk-averse yen buying triggered by an earthquake on the Kamchatka Peninsula, hitting a low of 147.84 shortly after GMT 03:00, but has since paused as of GMT 04:30.
2025.07.29
[July 29] Dollar holds firm ahead of FOMC, edging toward mid-148
Today, after consolidating around the mid-148 level, the USDJPY reached a high of 148.71 shortly after GMT 00:30. The price has since retreated, trading firmly in the lower 148-yen range as of GMT 04:00.
2025.07.28
[July 28] Markets adopt wait-and-see approach ahead of U.S. and Japan interest rate announcements
Looking at the 1-hour chart of the USDJPY (as of GMT 04:30 on July 28), the Bollinger Band width has contracted and it is difficult to determine a clear direction, If the price breaks clearly above 148.0, the next target appears to be around 148.5.
2025.07.25
[July 25] USDJPY briefly breaks below 146 yen but sees buyback, resilience continues
Today the USDJPY reached a high of 147.49 around GMT 02:30 as expectations for additional Bank of Japan rate hikes receded following the release of July Tokyo area consumer price index data at GMT 23:30 (on July 24), which showed slowing inflation growth.
2025.07.24
[July 24] Yen strengthens as tariff uncertainty recedes, briefly breaking below 146 yen
Today the USDJPY moved toward yen strength and dollar weakness due to receding uncertainty over tariffs and reports that Fed Chair Jerome Powell is being pressured to resign, hitting a low of 145.85 yen shortly after GMT 01:30.
