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.
2025.08.01
[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.
2025.07.23
[July 23] U.S.-Japan tariffs at 15%, reports suggesting that Prime Minister Ishiba may resign cause USDJPY volatility
Today the USDJPY saw yen buying on reports that U.S.-Japan tariffs would reach 15%, hitting a low of 146.19 shortly after GMT 00:00, but this was followed by yen selling after reports emerged suggesting Prime Minister Ishiba would step down. The price reached a high of 147.20 around GMT 02:30 and as of GMT 04:00 is consolidating near 147.0 yen.
2025.07.22
[July 22] Post-upper house election decline pauses, returning to lackluster movement
Today the previous day's decline paused, with some dollar buying returning, reaching a high of 147.71 shortly after GMT 00:00. As of GMT 04:00, it is trading in the upper 147-yen range.
2025.07.21
[July 21] Tokyo market sees low trading volume. Wait-and-see mood in the lower 148-yen range.
Today the USDJPY gapped down at the open to 148.19 yen. The price reached a high of 148.66 directly after the opening but the recovery was weak, and as of GMT 05:00 it is trading weakly in the lower 148-yen range.
2025.07.18
[July 18] USDJPY shows resilience but fails to sustain 149-yen range, moves sideways in 148-yen territory
Today the USDJPY hit a low of 148.29 around GMT 00:00 [previous day] on dollar selling after FRB Governor Christopher Waller expressed support for a July rate cut. The price has since recovered and is trading solidly in the upper 148-yen range as of GMT 05:00.
2025.07.17
[July 17] Dollar swings wildly on reports about Fed chair dismissal
Today the USDJPY saw dollar buying return as the dismissal of Fed Chair Jerome Powell was officially denied, reaching a high of 148.66 around GMT 04:30, though it has since pulled back to the lower 148-yen range.
2025.07.16
[July 16] Strong U.S. June CPI data sends USDJPY into the 149-yen range
Today the USDJPY broke above consolidation around 149.0 yen and hit a high of 149.18 yen shortly after GMT 04:00. The June CPI data has pushed back expectations for rate cuts this year, with dollar buying momentum continuing.
2025.07.15
[July 15] Resilient USDJPY approaches 148-yen range as market awaits U.S. CPI data
Today the USDJPY recorded new highs from the previous day's closing consolidation, reaching 147.88 shortly after GMT 23:00 (on July 14). After being pushed down by selling pressure to hit a low of 147.56 shortly after GMT 00:30, it rebounded and is currently trading in the upper 147-yen range as of GMT 04:00.
2025.07.14
[July 14] Weekly opening sees battle in the upper 147-yen range as price cautiously tests higher levels
Today the USDJPY hit a high of 147.57 around GMT 23:00 (on July 13) before pulling back to a low of 146.84 around GMT 01:00, and as of GMT 05:00 is consolidating in the upper 147-yen range.
2025.07.11
[July 11] USDJPY rises above 147 yen again following stock market highs
Today the USDJPY surged higher from a low of 146.13 reached around GMT 00:00, creating lower limits along the way before hitting a high of 147.18 around GMT 04:30. President Trump commented that "stock prices hit new highs," and the view that tariff policies won't impact U.S. financial markets has driven dollar buying.
2025.07.10
[July 10] USDJPY unable to maintain 147-yen range and falls back due to expectations of U.S. rate cuts within the year
Today the USDJPY saw yen buying after U.S. President Trump announced the imposition of 50% tariffs on Brazil. The price hit a low of 145.75 shortly after GMT 00:30 but rebounded, reaching a high of 146.41 yen around GMT 04:30.
2025.07.09
[July 9] USDJPY continues to move firmly, breaking through 147 yen
Today the USDJPY strengthened its upward trend starting with a low of 146.51 immediately after opening, and has been recording new highs amid some consolidation. The price reached a high of 147.18 around GMT 03:00, and as of GMT 05:00 is moving in the lower 147-yen range.
2025.07.08
[July 8] Reports of 25% tariffs on Japan accelerate yen selling, USDJPY rises to 146-yen range
Today the USDJPY rose after hitting a low of 145.83 around GMT 00:00, and reached a high of 146.44 shortly after GMT 01:00. The rise paused there, and as of GMT 05:00, the price is moving in the upper 145-yen range.
2025.07.07
[July 7] Trump attempts to contain BRICS, market leans somewhat toward dollar buying
Today the USDJPY hit a low of 144.22 shortly after GMT 01:00. President Trump mentioned the possibility of imposing an additional 10% tariff on countries that cooperate with BRICS, and the market reacted with dollar buying.Around GMT 03:30, it hit a high of 144.84 yen.
