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.
2025.04.22
[April 22] Dollar weakness due to U.S. uncertainty continues, approaching below 140 yen
Today the USDJPY reached a high of 141.17 yen around GMT 01:30, then began to decline, hitting a low of 140.10 yen around GMT 03:30, and as of GMT 04:00, it continues to fluctuate around that level.
2025.04.21
[April 21] Dollar weakness continues due to double confusion over tariff and monetary policy, falling into the 140-yen range
Today the USDJPY declined as dollar selling accelerated after President Trump suggested he might dismiss Fed Chair Jerome Powell, despite many countries being closed for Easter Monday. It reached a low of 140.61 yen shortly after GMT 02:30. As of GMT 04:00, it is attempting to recover toward the 141-yen level.
2025.04.18
[April 18] Market activity subdued due to closed European and U.S. markets, USDJPY fluctuates in 142-yen range
Today, major markets are closed for Good Friday, and the USDJPY touched a low of 142.20 yen around GMT 00:00 but didn't fall further, fluctuating in the lower 142-yen range.
2025.04.17
[April 17] USDJPY briefly breaks below 142, headline-driven movements continue
Today the USDJPY reached a high of 142.86 around GMT 01:30, as exchange rates were not discussed during the U.S.-Japan trade talks. Looking at the 1-hour chart of the USDJPY (as of GMT 05:00 on April 17), we can see a rebound after reaching -2 standard deviations, with resistance being watched around 142.9. If the price fails to break above this level, it would be appropriate to maintain a downward outlook.
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.
