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.
2025.10.17
[October 17] New concerns pile up as risk-averse sentiment continues, breaking below the 150-yen range
Today the USDJPY has shown limited upside potential due to multiple U.S. concerns including U.S.-China tensions and the government shutdown, trading somewhat softly with fluctuations. It reached a low of 149.89 shortly after GMT 03:30 and as of GMT 05:00 is trading in the upper 149-yen range.
2025.10.16
[October 16] USDJPY downtrend hits pause in mid-150-yen range
Today the USDJPY saw yen buying following comments from U.S. and Japanese finance officials, reaching 150.51 yen around GMT 00:30 where it found support, then hitting a high of 151.11 yen shortly after GMT 04:30, and as of GMT 05:00 is rising in the lower 151-yen range.
2025.10.15
[October 15] Risk-averse yen buying continues, pushing USDJPY toward sub-151-yen levels
Today yen buying accelerated as reports emerged that President Trump is considering imposing sanctions on Spain, in addition to the ongoing U.S.-China retaliatory measures that have continued since last Friday. The price hit a low of 151.00 around GMT 03:00.
2025.10.14
[October 14] Concerns over deteriorating U.S.-China relations trigger risk-averse yen buying, USDJPY falls below 152 again
Today the USDJPY traded firmly from shortly after the opening, reaching a high of 152.61 around GMT 0:30, but reports that China would impose sanctions on five U.S.-related companies triggered risk-averse yen buying, and the pair hit a low of 151.75 shortly after GMT 4:00.
2025.10.13
[October 13] Trump tariffs return, USDJPY struggles to recover from sharp drop of over 2 yen, locked in battle near 152-yen range
Markets at the start of the week gapped up at the open. Buybacks emerged from the previous day's decline, and the pair reached a high of 152.27 shortly after GMT 22:00 (on October 12), but has struggled to extend gains since then, with trading hovering near the 152-yen range as of GMT 04:30.
2025.10.10
[October 10] Takaichi's comments temporarily halt rally, but USDJPY remains firm
Today the USDJPY reached a high of 153.27 yen around GMT 23:00 (on October 9) before weakening, and hit a low of 152.63 yen shortly after GMT 04:00.
2025.10.09
[October 9] USDJPY pauses after briefly touching 153 yen, moves sideways in mid-152-yen range
Today the USDJPY has paused after the previous day's gains and is trading slightly softer. It reached a high of 152.76 around GMT 01:00, but as of GMT 05:00, it's trading in the mid-152-yen range without clear direction.
2025.10.08
[October 8] Strong upward trend continues as USDJPY breaks through 152-yen level
Today the USDJPY hit a low of 151.73 yen around GMT 22:00 (on October 7), but then pushed higher to reach 152.64 yen around GMT 02:00. As of GMT 04:00, it is moving in the mid-152 yen range.
2025.10.07
[October 7] USDJPY rise loses some momentum in the 150-yen range but underlying strength continues
Today the USDJPY hit a low of 150.21 yen immediately after the opening and has been trading firmly, reaching a high of 150.61 yen shortly after GMT 00:00. As of GMT 05:00, momentum is somewhat weak, with the pair moving in the 150.4-yen range.
2025.10.06
[October 6] Yen weakens sharply as Takaichi becomes new party leader, breaking through 150-yen level
Today the USDJPY opened with an upward gap of more than 2 yen in response to the Liberal Democratic Party leadership election results. The pair surged past 150 yen shortly after GMT 03:30, and as of GMT 04:30, it is trading firmly in the 150.1-yen range.
2025.10.03
[October 3] BOJ Governor Kazuo Ueda's comments trigger yen selling, USDJPY rises to upper 147-yen range
Today the USDJPY shifted to yen selling after BOJ Governor Kazuo Ueda indicated a cautious stance on additional monetary tightening, reaching a high of 147.77 yen around GMT 05:00.
2025.10.02
[October 2] Decline pauses but upside remains heavy, currently lacking catalysts
Today the USDJPY is attempting to recover from yesterday's decline, but concerns about economic deterioration due to the U.S. government shutdown are weighing on the upside, leaving the pair directionless in the lower 147-yen range.
2025.10.01
[October 1] U.S. government shutdown drives risk-averse yen strength and dollar weakness
Today the USDJPY hit a high of 148.22 yen shortly after GMT 00:30, but when news of the U.S. government shutdown broke at GMT 04:00, the decline accelerated and reached a low of 147.46 yen around GMT 05:00.
2025.09.30
[September 30] Yen slightly higher as U.S. rate cuts and BOJ rate hikes come into focus
Today the USDJPY peaked at 148.84 yen shortly after GMT 00:30, then continued falling to reach a low of 148.42 yen shortly after GMT 04:00. Minutes from the BOJ meeting and other factors have heightened expectations for additional rate hikes, increasing pressure for yen buying.
2025.09.29
[September 29] USDJPY breaks below 149 yen on U.S. government shutdown risk
Today the USDJPY saw U.S. Treasury yields decline and risk-averse yen buying as the risk of a U.S. government shutdown increased, hitting a low of 148.88 yen around GMT 03:00. As of GMT 05:00, the pair continues to trade in the upper 148-yen range.
2025.09.26
[September 26] Strong U.S. economic data drives USDJPY to continue rising near the 150-yen range
Today the USDJPY reached a high of 149.95 yen around GMT 00:30, where the rally paused, and as of GMT 04:30 it is trading in the 149.7-yen range.
2025.09.25
[September 25] Cautious stance on U.S. rate cuts drives dollar buying, approaching the 149-yen range
Today the USDJPY hit a low of 148.55 around GMT 02:00, and as of GMT 05:00 is trading in the upper 148-yen range.
2025.09.24
[September 24] Small movements continue in the 147-yen range. Lack of catalysts makes it difficult to establish clear direction.
Today the USDJPY hit a low of 147.51 at around GMT 00:00 before rebounding, and reached a high of 147.96 at around GMT 04:30. As of GMT 05:00, the pair is consolidating just below the 148 level.
2025.09.23
[September 23] USDJPY shows limited movement in upper 147-yen range amid lack of market catalysts
Today the USDJPY touched a low of 147.60 shortly after GMT 01:30 before bouncing back, then reached a high of 147.86 around GMT 03:00.
2025.09.22
[September 22] Dollar buying dominates amid lack of weekly opening catalysts
Today the USDJPY moved firmly higher from the opening, reaching a high of 148.37 around GMT 03:00, and as of GMT 04:00 is trading near 148.3 yen.
