Search results :
[April 24] USDJPY clings to high end of range
Today again the USDJPY remained at the high end of its range with no clear trend, and after GMT 05:00 fluctuations in the price were restricted to the extraordinarily narrow limits of 154.73-154.87 yen.
[April 23] Fears of intervention overshadow the market as the price approaches 155 yen
Today the USDJPY started trading at 154.83 yen, and some time after GMT 01:00 it reached a low of 154.65.
[April 22] Price continues to trade in a narrow range under pressure from both above and below
Today the USDJPY fell directly after the open to touch a low of 154.41 yen, after which it rose to hit a high of 154.73 a little before GMT 01:00.
FXON Market Analysis (April 15 to 21)
Markets in the week ending April 21 displayed yet another round of dollar appreciation. This was a theme established early in the week, with the morning of Monday, April 15 seeing the USDJPY break above recent highs and build higher past 154.
[April 19] News of deterioration in Middle East situation leads to wild fluctuations in USDJPY
At around GMT 01:00, there were news reports of a large explosion within Iran, and from the middle of the 154-yen range the USDJPY plunged as far as 153.58. The situation was subsequently further complicated by news that there had after all been no major explosion on the Iranian side caused by an attack by Israel.
System Maintenance to Be Conducted on April 20, 2024
We would like to inform you of the system maintenance that will be conducted on April 20, 2024, and its potential impact.
[April 18] Despite small decline in the first half of Asian session, price again rebounds after falling below 154 yen
Today the USDJPY opened at 154.33. Not long after GMT 02:00 the price fell below the recent low, going down as far as 153.95, but it recovered immediately and resumed trading in the 154-yen range.
[April 17] With the price near previous highs, volatility declines due partly to caution about currency intervention
Today the USDJPY showed little direction, and by GMT 03:45 the price was moving around the middle of the 154-yen range. Due partly to wariness about currency intervention, the price has begun to stall. Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 on April 17), it can be seen that volatility is declining and the Bollinger Bands are tightening.
[April 16] Better-than-expected retail sales result in breakout to a new high, with USDJPY entering 154-yen range
Today the USDJPY traded in the lower end of the 154-yen range, hitting a high of 154.42 at GMT 02:00. Looking at the 1-hour chart of the USDJPY (as of GMT 03:50 on April 16), the uptrend began with the price breaking out to a new high of 153.96 yen before the London session yesterday, with this line then being converted into support.
[April 15] Price quickly fills opening gap down, surges upward to set new recent high
This week the USDJPY began trading at 153.02. The price gapped down 30 pips from Friday's close, but rose immediately to fill the gap. It then continued to rise, reaching a high of 153.74 a little while after GMT 02:30.
FXON Market Analysis (April 8 to 14)
The currency market in the past week has been characterized by a strengthening dollar.
[April 12] Price remains in vicinity of new high established after CPI figures without pulling back
During yesterday's session, the USDJPY formed a range between 152.50 and 153.00, without showing any clear direction. The price has remained buoyant since breaking through the 153-yen level after the Consumer Price Index (CPI) beat market expectations on April 10.
[April 11] Deep-rooted inflation revealed by CPI drives USDJPY through 153-yen level
There was a major market move in the USDJPY yesterday, with the price bursting through 153 yen following the announcement of the U.S. Consumer Price Index (CPI) for March at GMT 12:30, which beat expectations. Ultimately, the high for the day was the 153.24 recorded just before the close.
[April 10] Sluggish price movement as the market waits for the CPI. Will there be signs of inflation retreating?
Today the USDJPY opened at 151.74, but although it had hit a high of 151.80 as of GMT 05:00, volatility remained low. Looking at 1-hour chart of the USDJPY (as of GMT 05:15 on April 10), the price has rebounded slightly from the lower 2-standard deviation Bollinger Band.
[April 9] Price's struggle to move higher below 152 yen may continue until tomorrow's CPI
Partly due to the lack of economic indicators or other events yesterday, the USDJPY traded lethargically throughout the day. After opening at 151.56, the price went on to hit a high of 151.94 at around GMT 13:00.
[April 8] The USDJPY rebounded from the low of Thursday to the upper end of the 151.5 -152.0 range, driven by positive employment data
On Friday of last week, the USDJPY reversed after touching a low of 150.81 in the morning, and recovered to break above the 151-yen level during London trading hours.
FXON Market Analysis (April 1 to 7)
Currency markets last week saw the dollar weaken, followed by a weakening yen.
[April 5] Downward trend that began after price plunged overnight remains in force. Employment figures lie ahead
Price action in the U.S. dollar-Japanese yen was subdued throughout Tokyo and London trading hours yesterday, and for the first half of the New York session, but the price began to plunge in the second half, at around 3 a.m., and broke through the low of the day.
[April 4] Attempt to hit a new high following yesterday's spike is knocked back
Yesterday, the U.S. dollar-Japanese yen rate continued its attempt to reach new levels, and hit a high of 151.95 before 11 p.m. However, the price was unable to get to 152, and by around 1:30 a.m. on April 4 it had fallen back to 151.57.
Server Maintenance to Be Conducted on April 6, 2024
On Saturday, April 6, 2024, we will be conducting server maintenance on our trading platform. As a result, services via the affected servers will be temporarily unavailable from 02:00 to 02:30 (GMT).
