Today the USDJPY went on to record new lows during the morning session. Shortly after GMT 01:30 it hit a low of 148.50.

The closely watched Bank of Japan Monetary Policy Meeting resulted in a decision to raise interest rates 0.25%, in line with earlier leaks. The USDJPY fluctuated violently after the news came out at GMT 04:00, plunging to a low of 151.57 and then soaring to 153.89 directly after.

Today the USDJPY hit a low of 153.61 shortly after GMT 00:00, but then reversed direction to break above the high of the previous day. Not longer after GMT 05:00 the market was trading in the area of 154.40 yen.

Today, the USDJPY hit a high of 154.35 shortly after GMT 00:00, then fell back to mark a low of 153.01 some time after GMT 2:00. Market volatility was high by Tokyo standards.

Today the USDJPY lacked direction in the morning, with the market confined to a price range centered on 154 yen. Looking at the 1-hour chart of the USDJPY (as of GMT 03:25 on July 26), due to the pause in the fall in the price, the middle line of the Bollinger Bands has switched to an upward trend.

Today the USDJPY maintained its downward trend. It marked a high of 153.96 shortly after GMT 00:00, but then changed direction and began to fall, reaching a low of 152.27 just after GMT 03:00. In the blink of an eye, the market was moving back and forth in the 152-yen range.

Today the USDJPY hit a high of 155.99 shortly after GMT 00:30, but despite that it failed to reach the 156-yen level, and began falling back. Looking at the 1-hour chart of the USDJPY (as of GMT 03:10 on July 24), the overall picture is one of long down bars and short up bars.

Today the USDJPY trended downward in the morning session, hitting a low of 156.19 slightly before GMT 04:00. This was slightly below the low of the previous day. Looking at the 1-hour chart of the USDJPY (as of GMT 05:15 on July 23), the middle line of the Bollinger Bands is falling steadily.

The USDJPY hit a low of 157.15 shortly after GMT 23:30 on July 21, then began to rebound. Looking at the 1-hour chart of the USDJPY (as of GMT 03:55 on July 22), the Bollinger Bands are contracting with the middle line moving almost parallel to them, showing the trendless nature of the market.

Today the USDJPY marked a low of 157.06 shortly after GMT 00:00, then shifted direction to rise in leisurely fashion. Looking at the 1-hour chart of the USDJPY (as of GMT 03:15 on July 19), the price has been rebounding since the low set yesterday morning, and has been more or less band walking along the upper band.

In the first half of today's Tokyo session, the USDJPY hit a low of 155.36 before rebounding to the 156-yen range shortly after GMT 03:00. Looking at the 1-hour chart of the USDJPY (as of GMT 03:25 on July 18), the price can be seen to have bottomed in the area of the -2 standard deviation of the Bollinger Bands, and is now rising after having crossed over the middle line.

Looking at the 1-hour chart of the USDJPY (as of GMT 03:00 on July 17), it appears to still be in a lull after the significant price decline of last week. The width of the Bollinger Bands and the slope of the middle line give little sense of momentum.

After marking a low shortly before GMT 16:00 the USDJPY rebounded, and that upward trend continued in today's Tokyo session. Looking at the 1-hour chart of the USDJPY (as GMT 05:00 on July 16), the Bollinger Bands have expanded and the price is trading in the area of the +2 standard deviation. Volatility is on a rising trend and it appears as if there is some upward momentum to the market.

On Friday of last week, in the aftermath of the plunge in the market that followed Thursday's Consumer Price Index (CPI), the USDJPY was in a state of high volatility with repeated fluctuations in the price. There were passages of violent up-and-down movement between GMT 23:00 and GMT 00:00 and again after GMT 12:00.

Today (Tokyo time) the USDJPY has been fluctuating wildly up and down between the 157-yen range, some time after GMT 23:00, and the 159-yen range. Volatility has increased following the plunge in the price that took place yesterday afternoon, so traders should be wary of further unexpected price movements going forward.

Today the USDJPY traded narrowly in the middle of the 161-yen range. There may be no significant movement until the U.S. Consumer Price Index (CPI) is announced later today. Looking at the 1-hour chart of the USDJPY (as of GMT 04:50 on July 11), there is no sense of momentum to the price but the market is rising unhurriedly.

Partly because today was 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), the USDJPY began rising in the morning session. This upward momentum remained strong for some time even after the fixing of the TTM rate at GMT 00:55, and slightly before GMT 02:00 the price reached a high of 161.59. Looking at the 1-hour chart of the USDJPY (as of GMT 00:50 on July 10), one reading of it is that the 161.28 level, which we have mentioned many times before, has flipped to provide support.

Today the USDJPY recovered to the 161-yen level after bulls dominated the first half of the Tokyo session, with the price hitting a high of 161.13 shortly after GMT 02:00. Looking at the 1-hour chart of the USDJPY (as of GMT 04:30 on July 9), the upward motion in the price is stalling in the area of the +2 standard deviation of the Bollinger Band.

Today the USDJPY began trending down in the morning, but despite touching a low of 160.26 shortly after GMT 02:30 the price then rebounded. Looking at the 1-hour chart of the USDJPY (as of GMT 04:15 on July 8), it appears to be trending down amid significant fluctuations in the price. The increase that began with the announcement of the employment figures reversed when the price hit resistance.

Today the USDJPY marked a high of 161.39 before GMT 00:00, but the price then plunged, reaching a low of 160.52 after GMT 3:00. Looking at the 1-hour chart of the USDJPY (as of GMT 04:10 on July 5), it can be seen that the 161.28 level that had previously functioned as a line of support has flipped to resistance.