In the foreign exchange market for the week that ended on December 1st, the USDJPY and the yen crosses saw significant drops. The USDJPY started the week trading in the 154 yen range. However, spurred by economic indicators and political developments in the U.S., as well as increasing speculation that the Bank of Japan (BOJ) may raise interest rates, the pair fell to the 149 yen range.

The dollar remained strong in the trading week ending on November 24th. However, the situation in Ukraine and economic indicators caused volatility in the market. The USDJPY fluctuated wildly between 153 yen and just under 156 yen. Meanwhile, the EURUSD and GBPUSD fell sharply due to active dollar buying.

Foreign exchange markets in the week that ended on November 17 featured a strong dollar. In particular, the market focused on the policies proposed by President-elect Donald Trump. In addition, U.S. long-term interest rates were increased. As a result, the dollar strengthened further against other major currencies.

In the trading week that ended on November 10th, the U.S. presidential election and the FOMC's policy interest rate decision led to sharp fluctuations, especially in USDJPY. However, by the end of the week, the market regained calmness with some profit-taking.

In the trading week that ended on November 3, the outcome of the House of Representatives election in Japan and financial events in the U.S. and Japan created market volatility. While political risk dominated in the first half of the week, economic indicators influenced the market in the latter half of the week.

In the trading week ended October 27, the dollar strengthened and the yen weakened in the foreign exchange market, with the USDJPY briefly jumping from below 150 to reach as far as above 153 yen at the beginning of the week.

The trading week ended October 20 was one of general favorability toward dollar strength. In particular, the market recognized strength in the U.S. economy, including from September retail sales exceeding expectations, and expectations on a significant rate cut by U.S. monetary authorities receded.

In the most recent trading week ended October 13, the dollar continued its bull run on the foreign exchange market partly due to expectations on U.S. monetary policy, despite more smoke than fire in the government's policies.

In the currency exchange markets during the trading week ended October 6, the dollar strengthened against the yen, with the USDJPY rising sharply from above 141 to as far as above 149.

Currency markets in the week ended September 29 were marked by a range-bound USDJPY that was mostly directionless until mid-week, then volatility set in due to the events and outcome of Japan's ruling party presidential election on Friday.

As the central banks in the U.S., U.K. and Japan announced their monetary policies last week, the foreign exchange markets, especially the USDJPY, showed momentum. In particular, the FOMC's announcement of a 0.50% interest rate cut led to a temporary sell-off in the USD.

The trading week ended September 15 was largely aimless when it came to currency markets, highlighted by jittery dollar swings with a slight depreciative bias.

In the trading week ended September 8th, currency markets saw rapid dollar sell-offs following tepid results in the U.S. jobs report for August. Weakness in the U.S. labor market was highlighted by lower-than-expected nonfarm payrolls (NFP) and downward revisions to June and July data.

In the trading week ended September 1, the weakening trend of the dollar paused, and dollar buying regained momentum.

Currency markets in the trading week ended August 25th saw the dollar weaken against the yen, with the USDJPY oscillating as it tracked a downward path.

In the trading week ended August 18, yen bears were the predominant force, the markets were primarily moved by economic indicators out of the United States.

In the trading week ended August 11, the USDJPY pair demonstrated dramatic price fluctuations.

In the week ended August 4, yen bulls gained momentum to push the USDJPY sharply down to hit new lows. At the Bank of Japan's monetary policy meeting on Wednesday, July 31, the policy rate was raised to 0.25% and the BOJ announced a plan to reduce future government bond purchases, as had been expected beforehand.

The currency exchange trading week ended July 28 was marked by a clear momentum toward an appreciating yen. This was evidenced by the USDJPY falling below 152, and the yen crosses, such as the EURJPY and GBPJPY, also moving into a state of general decline.

Currency markets in the week ended July 21 were notable in the relative weakness of the dollar, with the USDJPY temporarily falling below 156. Let's review the market movements through the week.