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.
2025.01.27
[January 27] Yen strengthens on risk aversion due to Trump tariffs. Trade war concerns intensify.
Looking at the 1-hour chart of the USDJPY (as of GMT 04:00, January 27), the price has been moving significantly up and down within a range of 156.75 to the upper 154 range, showing a continued lack of clear direction.
2025.01.24
[January 24] U.S. rate cut expectations and Bank of Japan rate hike. Markets await BOJ Governor Kazuo Ueda's press conference.
Today the USDJPY fluctuated significantly after the Bank of Japan announced a rate hike to 0.50% shortly after GMT 03:00, reaching a high of 156.41 and a low of 155.71 around GMT 03:30. BOJ Governor Kazuo Ueda's press conference is scheduled for GMT 06:30.
2025.01.23
[January 23] USDJPY continues to strengthen but Bank of Japan monetary policy meeting looms. Movement may slow.
Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 January 23), the price broke above the consolidation range with the middle line showing an upward angle. A move above 157 and higher is possible.
2025.01.22
[January 22] Markets may take wait-and-see approach amid caution over Trump's comments and Bank of Japan decision
Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 on January 22), the middle line shows gentle movement, indicating a trendless state. It would be advisable to follow the direction once it breaks either the range ceiling of 156.58 or the range floor of 154.77.
2025.01.21
[January 21] USDJPY shows volatile movement on Trump tariff news. Nervous trading continues.
Today the USDJPY reached a high of 156.23 shortly after GMT 00:30, following reports that President Trump plans to impose tariffs of up to 25% on imports from Mexico and Canada. It soon reversed course and hit a low of 154.77 shortly after GMT 03:00, and as of GMT 04:00 is trading in the lower 155-yen range.
2025.01.20
[January 20] USDJPY slightly weak ahead of Trump's presidential inauguration
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 156.58 yen shortly after GMT 23:00 (on January 19), then turned downward, reaching a low of 155.70 yen shortly after GMT 03:30. With Trump's U.S. presidential inauguration ceremony approaching in the early hours of January 21, a wait-and-see mood pervades the market.
2025.01.17
[January 17] USDJPY drops below 155 on Bank of Japan rate hike expectations and U.S. rate cut expectations
Today the USDJPY hit a low of 154.97 shortly after GMT 00:30, then reached a high of 155.49 around GMT 04:00, and continues to trade higher. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 January 17), it briefly reached +1 standard deviation but is trending downward. If it breaks below 155 again, it appears likely to aim lower.
2025.01.16
[January 16] USDJPY Plunges to 155 range amid successive Bank of Japan rate hike predictions
Looking at the 1-hour chart of the USDJPY (as of GMT 03:40), the price has broken below its previous range and fallen significantly. The downward trend appears likely to continue.
2025.01.15
[January 15] USDJPY continues to trade in range - will CPI data determine direction?
Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 January 15), prices are ranging between around 157.0 and 158.2. One sensible approach might be to move in the direction in which the price breaks.
2025.01.14
[January 14] USDJPY fluctuates on Bank of Japan rate hike speculation, continues to trade in 157 range
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 experienced volatility when Deputy Governor of the Bank of Japan Himino mentioned potential rate hikes this year at GMT 01:30, hitting a high of 158.03 and a low of 156.99, but has since been trading without clear direction in the upper 157-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 04:30), it is range-bound between 157 and 158 yen. It seems that the best strategy here would be to move in the direction in which the price breaks.
2025.01.13
[January 13] USDJPY shows subdued movement with bearish tone after U.S. employment data volatility
Today the USDJPY reached a high of 157.96 shortly after GMT 00:00 before turning downward, then hit a low of 157.27 after GMT 01:30. As of GMT 04:00, it is falling again, targeting the recent low.
2025.01.10
[January 10] Small movements around 158 yen. Market in wait-and-see mood ahead of U.S. employment statistics.
Today the USDJPY touched a low of 157.93 around GMT 01:00, then rose to reach a high of 158.28 shortly after GMT 02:30, and as of GMT 04:00 is moving in the lower half of the 158-yen range. With U.S. employment statistics scheduled for release at GMT 13:30 today, there is little momentum in the market.
2025.01.09
[January 9] USDJPY weakens, falling below 158. Market moves cautiously ahead of tomorrow's employment statistics.
Today the USDJPY reached a high of 158.39 around GMT 23:00, then trended downward, temporarily falling below 158 shortly after GMT 02:00. As of GMT 04:00, it is range-bound in the 157.9 level. If it breaks below 157.9, there is potential for further downside movement.
2025.01.08
[January 8] USDJPY continues to edge higher with sluggish trading above 158
Today the USDJPY touched a high of 158.24 around GMT 23:30 (on January 7) before temporarily falling back, but as of GMT 04:00 it has recovered. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on January 8), the middle line maintains its upward slope, and the candlesticks are rising while making higher lows. The upward trend appears likely to continue.
2025.01.07
[January 7] Price fluctuates on Trump tariff news, rebounds above 158 yen
Today the USDJPY showed an upward trend directly after the open, reaching a high of 158.41 around GMT 01:30. Looking at the 1-hour chart of the USDJPY(as of GMT 03:30 on January 7), the width of the Bollinger Bands has expanded, and the middle line is also showing an angle. The upward trend appears likely to continue.
2025.01.06
[January 6] Continued trend of firm yen weakness and dollar strength - will the dollar exceed 158 yen?
Looking at the 1-hour chart of the USDJPY chart (as of GMT 04:00 on January 6), the width of the Bollinger Bands was expanding. On this timeframe, as it is showing an upward Bollinger Band walk, an upward trend appears likely.
2024.12.27
[December 27] USDJPY briefly exceeds 158, remains firm despite verbal intervention on yen weakness
Today the USDJPY saw dollar selling pressure following Finance Minister Katsunobu Kato's verbal intervention against yen weakness, touching a low of 157.57 around GMT 02:00. As of GMT 04:00, it is trading in the 157.6 range. Looking at the 1-hour chart of the USDJPY (as of GMT 03:50 on December 27), while the candlesticks temporarily reached -1 standard deviation, the middle line continues to trend upward.
2024.12.26
[December 26] Yen selling slightly dominant, but momentum lacks power to chase higher prices
Today the USDJPY touched a low of 157.07 around GMT 00:00, then rose to reach a high of 157.47 around GMT 01:30. Looking at the 1-hour chart(as of GMT 04:00), it is trading between +1 standard deviation and +2 standard deviations, exceeding the range ceiling of 157.4. With the middle line beginning to show an angle, an upward bias appears appropriate.
2024.12.25
[December 25] Many countries closed for Christmas, range continues in early 157-yen level
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 157.32 shortly after GMT 00:30, and as of GMT 04:00 is trading around 157.0. Today many countries are closed for Christmas, and trading is unavailable at multiple FX companies. With reduced price movement and widening spreads, there's no need to trade unless you have a specific target.
2024.12.24
[December 24] Christmas Eve shows firmness but lacks direction, USDJPY maintains 157-yen range
Today the USDJPY reached a high of 157.39 shortly after GMT 00:30, then fell back to record a low of 157.05 shortly after GMT 01:30. Tomorrow, December 25, many FX companies will suspend trading. With reduced price movement and widening spreads, there is no need to trade unless you have a specific target.
