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[June 21] Despite rising into the 159-yen range, price takes a breather as band walk comes to an end
Today the USDJPY reached a high of 159.12 just before GMT 01:00, but then sold off. Looking at the 1-hour chart of the USDJPY (as of GMT 05:30 on June 21), the band walk between the +1 and +2 standard deviation Bollinger Bands has ended and the price appears to be in a pullback.
Effects of the Stock Split to be Reflected on July 1, 2024
We would like to inform you of the upcoming stock split of Mitsui（Mitsui & Co） scheduled for the effective date of July 1, 2024. Additionally, we would like to outline the adjustments that will be implemented by FXON accordingly.
[June 20] Will volatility rise when the U.S. market resumes after the national holiday?
Due in part to it being 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), today the USDJPY hit a low of 157.92 just before GMT 00:00, then changed direction and began to rise.
[June 19] With the U.S. market on holiday, price movements may lack vigor
During the first part of today's Tokyo session, the USDJPY traded with little energy in the upper half of the 157-yen range. Because the U.S. market is on holiday and because there are no closely watched economic indicators scheduled, it is possible that volatility will remain low.
Launch of eKYC System and Real Account Opening
We are pleased to announce that the implementation of our eKYC system has been completed, and real account openings have commenced on June 19, 2024, at 9:00 AM (GMT).
[June 18] USDJPY may continue to inch up until U.S. retail sales are announced
Today in the Tokyo session the USDJPY showed little energy, with aimless price movement eventually leading to a low of 157.51 just before GMT 02:00. The 1-hour chart of the USDJPY (as of GMT 05:15 on June 18) shows that although we have had a series of candles with small bodies, the price has trended up through the middle line of the Bollinger Bands and is rising little by little.
Web Service Maintenance on June 19, 2024
We will be performing system maintenance from 10:00 AM to 6:00 PM (JST) on June 19, 2024. This maintenance is due to the commencement of applications for opening real accounts and the implementation of the eKYC system. During this time, certain services will be temporarily unavailable.
[June 17] No fresh information from the Bank of Japan's Monetary Policy Meeting. Volatility fades following sharp sell-off
Today the USDJPY opened at 157.26, since when it has continued to drift without a clear sense of direction. A look at the 1-hour chart of the USDJPY (as of GMT 05:20 on June 17) shows that the price has stabilized after Friday's sharp sell-off.
FXON Market Analysis (June 10 to 16)
Stop-and-go action was the theme for the USDJPY pair this week, while the EURUSD and GBPUSD pairs were in a bearish trend.
[June 14] No surprises from the Bank of Japan's Monetary Policy Meeting. Attention will also focus on BOJ Governor Kazuo Ueda's press conference
As expected, policy interest rates were left unchanged by the Bank of Japan's Monetary Policy Meeting at around GMT 03:30 today. As there was no detail that would lead to yen purchases, the USDJPY rose after the announcement. Attention will now be focused on BOJ Governor Kazuo Ueda's press conference, scheduled for GMT 06:30.
Apology for temporary interruption in rate updates occurred on June 13, 2024
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[June 13] Dollar selling following the CPI reversed by outlook for a single interest rate cut hinted at by FOMC
Today the USDJPY opened at 156.67 before trending upward, hitting a high of 157.04 shortly after GMT 03:00. Looking at the 1-hour chart of the USDJPY (as of GMT 03:25 on June 13), the CPI caused the price to fall to the -2 standard deviation of the Bollinger Bands, but it rebounded after the details of the FOMC had been grasped to break above the middle line.
Server Maintenance to Be Conducted on June 15, 2024
On Saturday, June 15, 2024, we will be conducting server maintenance on our trading platform. The maintenance is scheduled between 06:00 and 08:00 (GMT), during which services using the affected servers will temporarily be unavailable.
[June 12] Following on from yesterday, the market waits listlessly for the CPI and FOMC. Participants may stay in wait-and-see mode until tomorrow
Today the USDJPY has moved gradually upwards within the lower end of the 157-yen range. With the market waiting for major events, we may not see an increase in volatility until the New York session opens. A look at the 1-hour chart of the USDJPY (as of GMT 05:15 on June 12) confirms that the price has lacked direction since the beginning of the week.
[June 11] Many participants taking a wait-and-see attitude ahead of tomorrow's CPI and FOMC, so market may not move much until then
Today the USDJPY rose leisurely in the morning session and a little while after GMT 03:00 had reached a high of 157.33. Looking at the 4-hour chart of the USDJPY (as of GMT 05:10 on June 11), the price is approaching the June high of 157.47.
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[June 10] With the market having risen sharply in response to Friday's employment statistics, we begin a week of one important event after another
Today the USDJPY inched up after the open, marking a high of 157.19 slightly before GMT 04:00. Looking at the 1-hour chart of the USDJPY (as of GMT 05:30 on June 10), the pullback in response to the surge seen on Friday has been limited, and the price has continued to rise along the +1 standard deviation Bollinger Band.
FXON Market Analysis (June 3 to June 9)
In the week ending June 9, the USDJPY dropped from above 157 to below 155 in the first half of the week, driven down by weak U.S. economic indicator releases. However, price movements stabilized mid-week, and the USDJPY temporarily returned to above 157 after a stronger-than-expected U.S. jobs report released on Friday.
Effects of the Stock Split to be Reflected on June 10, 2024
Prepare for the upcoming stock split of NVIDIA scheduled for the ex-rights date of June 10, 2024. FXON will implement necessary adjustments accordingly.
[June 7] Market settles into trading within the 155-yen range while participants wait for today's employment statistics from the U.S.
Today the USDJPY lost momentum after hitting a high of 155.93 at around GMT 01:00, and by GMT 04:00 it was trading in the upper half of the 155-yen range.
