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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.
Apology for the system failure occurred on August 20, 2024
On August 20, 2024, at 00:30 am (GMT), trading on certain stocks was temporarily unavailable. We are pleased to inform you that the issue has been resolved, and rate distribution has returned to normal.
[August 19] Last Thursday's price rise is wiped out, with momentum implying further lows
Today the downward momentum of Friday in the USDJPY continued throughout the morning, with the price falling into the 146-yen range shortly after GMT 03:00. Looking at the 1-hour chart of the USDJPY (as of GMT 03:20 on August 19), the middle line is trending down and has broken below the -2 standard deviation.
FXON Market Analysis (August 12 to August 18)
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.
[August 16] Strong retail sales cause market to soar to 149-yen range, may have entered gradual correction
Today there is a sense of the USDJPY having stalled after yesterday's sharp rise, and the market has fallen gradually from the open. The price has already broken below the 149-yen level. Looking at the 1-hour chart of the USDJPY (as of GMT 03:00 on August 16), while moving mostly sideways the price has broken through the +1 standard deviation of the Bollinger Bands and is approaching the middle line.
[August 15] No surprise in yesterday's CPI, and little news around to stimulate major moves in the market
Today the USDJPY reached a high of 147.61 shortly before GMT 02:00, but the price is still lacking in momentum.
[August 14] Yen sold during Tokyo session in reaction to Prime Minister Kishida announcing that he will step down
Today the USDJPY hit a low of 146.06 shortly after GMT 02:30, then began to rebound. Looking at the 1-hour chart of the USDJPY (as of GMT 03:55 on August 14), the middle line is trending downward and appears to be declining.
