Search results :
[October 3] Market roars through the high set directly before the "Ishiba Shock"
Today the USDJPY continued its upward trend of the previous day, reaching a high of 147.23 at around GMT 01:00. Looking at the 4-hour chart of the USDJPY (as of GMT 03:40 on October 3), the rise in the market that has been underway since yesterday has clearly broken above the high set on Friday of last week when the Liberal Democratic Party held its leadership election.
[October 2] Market waits for the employment statistics on Friday as price movement quietens
Today the USDJPY hit a low of 143.42 yen directly after the Tokyo open, then began to climb. It reached a high of 144.18 shortly before GMT 04:00 but then declined.
Announcement of Trading Hour Changes due to Daylight Saving Time in Australia
Due to the transition to daylight saving time in Australia, we would like to inform you of the instruments whose trading hours will change from October 7, 2024 (Mon).
[October 1] Market getting back to cruising speed on an upward trend after "Ishiba shock"
Today the USDJPY inherited the trend of the previous day and continued to rise during the morning session. Looking at the 1-hour chart of the USDJPY (as of GMT 04:45 on October 1), the price has begun to band walk between the +1 and +2 standard deviations, and continues to rise at a steady pace.
Changes to Trading Hours in October 2024
We would like to inform you of the instruments with modified trading hours due to holidays between October 1, 2024, and October 27, 2024. Please note that some instruments are also scheduled for the seasonal time change, and details regarding this will be provided separately.
[September 30] Correction after the "Ishiba Shock." Japan's political situation will also affect the direction in which the market moves
It being the end of the month and also 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 rose from around GMT 22:00 and reached a high of 142.95 shortly before GMT 00:00 before falling back. With the expectation being that the House of Representatives will be dissolved and a general election held on October 27, it seems likely that the political situation in Japan will continue to have an impact on trading in the USDJPY market.
FXON Market Analysis (September 23 to September 29)
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.
[September 27] US PCE Release at GMT 12:30: Will It Hold Above 145?
The USDJPY followed an upward trend from the early Tokyo session, breaking through the 146 level shortly after GMT 06:00. A look at the 1-hour chart of the USDJPY (as of GMT 06:03 on September 27) shows a sharp rise.
[September 26] Pullback at 145: Will It Re-enter the 145-yen Range?
Today, the USDJPY hit a low of 144.44 before GMT 01:00, then climbed to around the key 145 level by GMT 04:00. However, it has since pulled back from that point. Looking at the 1-hour chart of the USDJPY (as of GMT 05:05 on September 26), you can observe that the resistance line at 144.44 turned into support.
System Maintenance to Be Conducted on September 25, 2024
We would like to inform you of the system maintenance that will be conducted on September 25, 2024, and its potential impact. The maintenance is scheduled between 06:30 and 09:30 GMT. During this period, trading of some cryptocurrencies may be temporarily unavailable.
[September 25] Gradual Downtrend with Large Pullbacks
Partly because today was a so-called "5/10 day" the USDJPY began rising from the opening session. This upward momentum remained strong for some time even after the fixing of the TTM rate at GMT 00:55, and shortly after GMT 02:30 the price reached a high of 143.49.
[September 24] Little Movement as Focus Shifts to Friday's PCE Index
Today, the USDJPY opened at 143.58 yen and has been gradually rising. As of just before GMT 05:00, it's approaching 144 yen. Looking at the USDJPY 1-hour chart (as of GMT 04:45 on September 24), it appears to be testing the mid-144 yen level.
[September 23] The market opened sluggishly after the week when US and Japan policy interest rates were announced, with Japan on holiday
Today's Tokyo market is closed for Autumnal Equinox Day. Although it rose from the opening session until around GMT 01:00, it has been moving in the 144 range since then. Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on September 23), it is being held down by the recent high of 144.45.
FXON Market Analysis (September 16 to September 22)
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.
[September 20] Policy rate left unchanged by BOJ's Monetary Policy Meeting, as expected
Today at around GMT 03:00 it was announced that the Bank of Japan's Monetary Policy Meeting had left interest rates unchanged, in line with consensus. Looking at the 1-hour chart of the USDJPY (as of GMT 03:10 on September 20), there was no significant change directly after the announcement, suggesting that the market had already factored this latest decision into the price.
Changes Related to Stock Splits Effective on September 27, 2024
We would like to inform you that the conditions for transactions conducted on FXON will be partially modified on September 27, 2024 due to the stock splits of Sony Group and Sumitomo Mitsui Financial Group.
[September 19] USDJPY reverses direction, rises, after FOMC confirms 0.5% cut
Today the USDJPY inherited the upward trend that had continued since the FOMC announcement, with the market hitting a high of 143.94 at GMT 01:30. Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on September 19), having once broken below 140 yen and bottomed at around that level, the price is now trending upward and making higher highs and higher lows.
[September 18] Waiting for the FOMC just above the critical 140-yen level, with attention focused on size of interest rate cut
Today the USDJPY opened at 142.33, then declined continuously so that by GMT 05:30 it was trading in the middle of the 141-yen range.
[September 17] Market awaits U.S. retail sales, still in a position to break below 140 yen
Today, the USDJPY hit a high of 141.24 between GMT 23:00 and GMT 00:00, then fell back to mark a low of 140.31 a little while after GMT 02:00. Looking at the 1-hour chart of the USDJPY (as of GMT 03:10 on September 17), the price has broken completely through the previous support line of 141.68 and is now trading right above the critical 140-yen level.
[September 16] With the Japanese market on holiday, will the downward trend continue?
The Tokyo market is on holiday today. As of GMT 03:00 the USDJPY was trading in the 140-yen range, with no clear direction detectable. Looking at the 1-hour chart of the USDJPY (as of GMT 03:00 on September 16), the price has fallen through the critical level of 141.68, and is walking along the lower band.
