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[September 3] Rising market stalls after topping 147 yen, back trading in 146-yen range
Yesterday the USDJPY pulled back after peaking at 146.59 yen shortly after GMT 23:00, but then began to climb again after hitting a low of 145.77 yen not long after GMT 04:00. The rise in price stalled after reaching a high of 147.17 some time after GMT 13:15, and it closed for the day at 146.88.
[September 2] Sideways market breaks to the upside after U.S. personal consumption expenditure figures on Friday. U.S. market is on holiday today
On Friday of last week, trading in the USDJPY was confined to a range between the upper half of the 144-yen zone and the lower half of the 145-yen zone until about GMT 08:00, but it broke above the high of the day at around GMT 10:00 and started to trend upward. Personal consumption expenditures for the U.S. in July were announced at GMT 12:30, with the deflator coming in as forecast at a year-on-year change of 2.5%. The core deflator was 2.6% year on year, a deterioration from the forecast of 2.7%.
FXON Market Analysis (August 26 to September 1)
In the trading week ended September 1, the weakening trend of the dollar paused, and dollar buying regained momentum.
[August 30] Market is likely to remain in a wait-and-see mode, as it was on the previous day, until the economic indicators to be announced tonight are revealed.
Today the USDJPY exchange rate until GMT 05:00 remained within a range of the high 144 yen to low 145 yen, with no clear direction. As the U.S. Personal Consumption Expenditures (PCE) report is scheduled to be released, it is expected that the market will continue to move without significant changes until then, similar to yesterday.
System Maintenance will Be Conducted on August 31, 2024.
Server maintenance of the trading platform will be carried out on Saturday, August 31, 2024. As a result, services using the affected servers will be temporarily unavailable approximately 06:00 and 08:00 (GMT).
[August 29] Market continues to drift, perhaps awaiting the PCE. The question is how it responds to quarterly GDP today
Today the USDJPY rose leisurely during the morning of the Tokyo session, but there was little energy in the movement. With the price trading in a narrow range above 144 yen, the market seems to be treading water ahead of Personal Consumption Expenditures (PCE) in the U.S. on Friday.
Apology for the Issues with Rate Updates on Certain Instruments Starting August 28, 2024
This is to inform you that there was a temporary system failure affecting Xiaomi from approximately 05:05 am to 06:39 am on August 28, 2024 (GMT). The issue has been resolved, and all rates are now operating normally.
[August 28] Market may be shifting to trade sideways in the middle of the 144-yen range
Today the USDJPY marked a low of 143.68 early in the morning, then began to rise, hitting a high of 144.48 shortly after GMT 03:00.
Changes to Trading Hours in September 2024
The following is a list of instruments whose trading hours will change between Sep 2, 2024 and Sep 23, 2024 due to public holidays.
[August 27] Price has bottomed in 143-yen range for now, currently rising in leisurely fashion
Today the USDJPY changed direction after bottoming at the low of 144.23 it hit some time after GMT 23:00, and had climbed to the neighborhood of 145 yen by shortly after GMT 03:30. Looking at the 1-hour chart of the USDJPY (as of GMT 03:30 on August 27), the price rebounded after breaking below the recent low of 144.45, and is once again trading in the zone above this line.
[August 26] Market falls again from the 145-yen level it had maintained for a while after recovering from the previous plunge in the price
Although the USDJPY lacked momentum today, the price hit a low of 143.44 before GMT 01:00. Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on August 26), despite breaking below the recent low of 144.45 it seems to have lost downward momentum for the time being, breaking above the -1 standard deviation of the Bollinger Band at the close.
FXON Market Analysis (August 19 to August 25)
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.
Apology for the Quotation Issue from August 21, 2024 to August 23, 2024
This is to inform you that there was a quotation issue from 01:45 on August 21, 2024 to 00:00 on August 23, 2024 (GMT). During this time, some instruments were unavailable for trading. The issue has been resolved, and all rates are now being delivered as usual.
Apology for the system failure occurred on August 23, 2024
This is to inform you that there was a temporary system failure affecting some stock brands from approximately 05:00 am to 06:02 am on August 23, 2024 (GMT). The issue has been resolved, and all rates are now operating normally.
[August 23] Market lacks clear direction, waiting for news. Will a trend emerge in the London session?
Today the USDJPY opened at 146.27, and shortly after GMT 02:00 had fallen to 145.29. Since then it has been drifting sideways in the 145-yen range, and attention is beginning to focus on whether a new trend in the price will emerge during the London session.
[August 22] Market surges directly after BLS announces revision to annual figures in the U.S., but yen then comes under selling pressure
Today the USDJPY followed a weak upward trend in the morning session, hitting a high of 145.64 before GMT 02:00. Looking at the 1-hour chart of the USDJPY (as of GMT 05:10 on August 22), the middle line of the Bollinger Band is trending down, showing that the market is if anything in bearish mode.
Apology for the Interruption of Rate Updates on Certain Instruments Starting August 21, 2024
On August 21, 2024, at 01:45 am (GMT), trading was temporarily suspended due to a rate distribution issue affecting certain instruments. The suspension remains in effect, and our technical team is actively working to resolve the problem.
[August 21] Fairly strong selling of dollar/buying of yen, price dips to 144-yen range at one point.
Today the USDJPY temporarily fell into the 144-yen range shortly after GMT 00:30, but rebounded after hitting a low of 144.93. Looking at the 1-hour chart of the USDJPY (as of GMT 03:30 on August 21), the price has rebounded after hitting a low, breaking above the -1 standard deviation of the Bollinger Band.
Apology for the system failure occurred on August 21, 2024
This is to inform you that there was a temporary system failure affecting some stock brands from approximately 0:00 am to 00:33 am on August 21, 2024 (GMT). The issue has been resolved, and all rates are now operating normally.
[August 20] Market looks to be retracing after yesterday's plunge. Price gradually recovering as volatility declines
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), but the USDJPY began to fall at some point after GMT 23:00, reaching a low of 145.84 shortly after GMT 01:00. From there the price rose, and not long after GMT 03:30 it was trading in the upper half of the 146-yen range.
