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.
2025.09.09
[September 9] Yen weakness from Japan's political instability remains limited as markets focus on U.S. rate cuts and turn bearish
Today the USDJPY continues yesterday's weakness, currently trading near the 147.0-yen range as of GMT 05:00.
2025.09.08
[September 8] Sharp decline fully retraced following reports of Prime Minister Ishiba's resignation. Concerns over fiscal deterioration and other factors.
Over the weekend, reports emerged of Prime Minister Ishiba Shigeru's resignation, and concerns about fiscal deterioration caused the pair to gap higher at the week's open, starting in the 148.2-yen range. After hitting a high of 148.57 shortly after GMT 01:00, the pair has been trading without clear direction in the low 148-yen range.
2025.09.05
[September 5] USDJPY pulled back by ADP but reaction limited, market focus shifts to tonight's U.S. employment data
Today the USDJPY has been trending lower since hitting a high of 148.51 shortly after GMT 22:30 (on September 4), and as of GMT 05:00 is trading in the lower 148-yen range.
2025.09.04
[September 4] Wait-and-see Mode around 148-yen range ahead of U.S. employment data
Today the USDJPY touched a low of 147.78 yen around GMT 01:30, then moved somewhat firmly higher, and as of GMT 05:00 is trading in the lower 148-yen range.
2025.09.03
[September 3] LDP leadership race may be moved up as political uncertainty drives yen weakness toward 149-yen range
Today the USDJPY continued its yen-selling trend as three senior LDP officials indicated their intention to resign, raising expectations that the leadership race may be moved forward. The price hit a high of 148.92 around GMT 04:00, returning to the previous day's high range.
2025.09.02
[September 2] Bank of Japan Deputy Governor's dovish comments drive yen weaker. USDJPY targets the 148-yen range
Today the USDJPY saw the market shift toward yen selling after the Bank of Japan Deputy Governor's comments showed caution regarding rate hikes, reaching a high of 147.86 around GMT 04:30. As of GMT 05:00, the pair is trading in the upper 147-yen range.
2025.09.01
[September 1] September trading opens with subdued movement, USDJPY trades sideways around 147-yen range
Today the USDJPY rose immediately after the opening, reaching a high of 147.38 shortly after GMT 01:30 before quickly retreating to a low of 146.84 around GMT 03:00. As of GMT 05:00, it is trading near 147.0 yen.
2025.08.29
[August 29] End-of-month market with limited movement while waiting for indicators
Today the USDJPY has been moving narrowly around the 147-yen range since the opening. There's a cautious wait-and-see mood ahead of U.S. economic indicators scheduled for release during New York hours.
2025.08.28
[August 28] BOJ's Nakagawa mentions rate hikes, creating slight yen-buying sentiment
Today the USDJPY saw the market react with yen buying after BOJ Policy Board member Junko Nakagawa mentioned rate hikes in a speech. As of GMT 05:00, the pair is trading near the 147.0-yen range.
2025.08.27
[August 27] USDJPY holds firm amid lack of major catalysts, approaching 148-yen range
Today the USDJPY has been moving solidly higher from the opening and is currently trading in the 147.9-yen range as of GMT 04:30.
2025.08.26
[August 26] Trump comments trigger dollar selling but quickly denied, USDJPY rebounds lower
Today the USDJPY saw strong dollar selling after President Trump suggested the dismissal of Fed Governor Lisa Cook, hitting a low of 146.98 yen shortly after GMT 00:30, but the dismissal was quickly denied and as of GMT 04:00 it has recovered back to the 147.8-yen range.
2025.08.25
[August 25] Dollar plunges on U.S. rate cut expectations, buyback momentum also pauses
Today the USDJPY saw dollar buybacks following last week's decline, reaching a high of 147.52 yen shortly after GMT 00:30, but stalled there and as of GMT 04:00 is trading somewhat softly in the lower 147-yen range.
2025.08.22
[August 22] US rate‑cut expectations retreat, dollar buying intensifies ahead of Fed chair speech, USDJPY climbs above 148
Today the USDJPY hit a low of 148.17 directly after the opening, then held firm near this low, and hit a high of 148.77 around GMT 05:00. With Fed Chair Jerome Powell's speech imminent, the pair is showing a gradual, resilient move higher.
2025.08.21
[August 21] USDJPY continues in wait-and-see mood, unable to sustain 146-yen range
Today the USDJPY reached a high of 147.50 around GMT 01:30 and has been consolidating in the lower 147-yen range.
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.
