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FXON Market Analysis (May 5 to 11)
In the foreign exchange market for the week that ended on May 11th, the dollar strengthened against the yen. While the Federal Open Market Committee (FOMC) kept its policy interest rate unchanged, the Bank of England (BOE) decided to cut the interest rate.
[May 9] USDJPY temporarily exceeds 146 yen on expectations of advancement regarding Trump's tariff policy
Today the USDJPY reached a high of 146.18 yen shortly after GMT 00:00, then shifted to a gradual decline, hitting a low of 145.46 yen around GMT 03:00. As of GMT 04:00, it is trading in the upper 145-yen range.
[May 8] U.S. interest rate remains unchanged. After reaching 144 yen, the USDJPY gradually declined.
Today the USDJPY has been trading weakly following yesterday's rise. The British pound gained following reports that a trade agreement between the U.S. and the United Kingdom is scheduled to be announced tonight, pushing down the dollar, and shortly after GMT 02:30, it reached a low of 143.44 yen.
[May 7] Rise to 145-yen range is wiped out, back to competition in the 143-yen range
Today the USDJPY rose following reports that U.S.-China trade negotiations are expected to begin this weekend. Shortly after GMT 04:30, it reached a high of 143.32 yen, but the rise has since paused.
[May 6] Selling pressure on the dollar continues, with small movements in the 143-yen range
Today the USDJPY reached a high of 144.27 yen shortly after GMT 01:30, but quickly reversed course and as of GMT 05:00, it is trending downward to around 143.7 yen.
[May 5] Last week's yen depreciation pauses, USDJPY holds steady just short of breaking below 144 yen
Today the USDJPY was weak right from the opening, reaching a low of 144.06 yen around GMT 02:30. As of GMT 04:30, it is moving in the lower 144-yen range.
FXON Market Analysis (April 28 to May 4)
In the foreign exchange market for the week that ended on May 4th, the USDJPY rebounded sharply to come back into the 145 yen range. The yen sold off as the development of the Trump tariffs calmed down and expectations for an early interest rate hike by the Bank of Japan (BOJ) receded.
[May 2] Expectations of delay to BOJ rate hike push USDJPY near 146 yen as markets await U.S. employment statistics
Today the USDJPY reached a high of 145.92 yen around GMT 00:30 and then paused, and as of GMT 05:00, it is trading in the lower 145-yen range.
[May 1] Bank of Japan maintains interest rate, yen selling follows as expectations for additional rate hikes recede
Today the USDJPY weakened after the Bank of Japan maintained its interest rate and reports that the Outlook Report would downgrade GDP and price forecasts, reaching a high of 144.02 yen around GMT 05:00.
[April 30] USDJPY in 142-yen range showing resilience to downside, market awaits U.S. economic indicators
Today the USDJPY is trading somewhat firmly as of GMT 04:00, with dollar buying returning after President Trump's 100-day inauguration anniversary speech concluded without incident.
[April 29] USDJPY briefly falls below 142 yen before rebounding, buyback continues after decline
Today the USDJPY has stabilized after yesterday's decline with dollar buybacks occurring, showing firmness despite fluctuations. As of GMT 05:00, it is trading in the upper 142-yen range.
Notice of Change in Trading Hours in May 2025
The following is a list of instruments whose trading hours will change between May 1, 2025, and May 29, 2025, due to public holidays.
[April 28] Stalled in the mid-143 yen range, direction remains uncertain
Today the USDJPY reached a high of 143.87 yen around GMT 22:30 (on April 27), a low of 143.34 yen around GMT 01:00, and as of GMT 04:00, it is moving without clear direction in the 143.6-yen range.
FXON Market Analysis (April 21 to 27)
In the foreign exchange market for the week that ended on April 27th, the dollar strengthened against the yen as a series of dollar sell-offs eased. After falling to the 139 yen range, the USDJPY rebounded to around 144 yen by the end of the week.
[April 25] China considering exempting some products from tariffs. Could this be a sign of easing trade war tensions?
Today the USDJPY has been somewhat firm since the opening. Reports that China is considering exempting some U.S. products from tariffs caused a sharp rise, and around GMT 04:00, the price reached a high of 143.80 yen, and continues to rise.
Notice of Launch of Overseas Bank Transfer Service and Scheduled Maintenance
From Monday, April 28, 2025 at 4:00 am (GMT), USD deposits and withdrawals via overseas bank transfer will be available on FXON. Please note that system maintenance will be conducted from 1:00 am to 4:00 am on the same day.
[April 24] Has the heat from Trump's comments cooled down? USDJPY pushed downward gradually, breaking below 143 yen
Today the USDJPY has been declining since the market opening, reaching a low of 142.60 yen shortly after GMT 02:30, and as of GMT 04:00, it is trading in the upper 142-yen range.Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on April 24), it has reached the +2 standard deviation level and has since retreated.
[April 23] Trump softening stance sends USDJPY temporarily to 143-yen range
Today dollar buying accelerated as President Trump indicated he has no intention to dismiss Fed Chair Jerome Powell and showed a softening stance on tariffs against China. The price reached a high of 143.21 yen shortly after GMT 22:30 (on April 22).
[April 22] Dollar weakness due to U.S. uncertainty continues, approaching below 140 yen
Today the USDJPY reached a high of 141.17 yen around GMT 01:30, then began to decline, hitting a low of 140.10 yen around GMT 03:30, and as of GMT 04:00, it continues to fluctuate around that level.
[April 21] Dollar weakness continues due to double confusion over tariff and monetary policy, falling into the 140-yen range
Today the USDJPY declined as dollar selling accelerated after President Trump suggested he might dismiss Fed Chair Jerome Powell, despite many countries being closed for Easter Monday. It reached a low of 140.61 yen shortly after GMT 02:30. As of GMT 04:00, it is attempting to recover toward the 141-yen level.
