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[March 4] Trade war and Ukraine situation: Risks flare up again without time to settle
Today the yen strengthened due to risk aversion after reports emerged that the U.S. would completely halt military support to Ukraine. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on March 4), it shows a downward band walk, touching -1 standard deviations before falling again. The downward trend appears likely to continue.
[March 3] USDJPY touches 151 yen but cautious mood subsides, careful about chasing higher prices
Today the USDJPY reached a high of 151.02 yen around GMT 23:30 (on March 2), but dollar buying retreated as concerns over the Ukraine situation eased, and as of GMT 04:00, it is in the lower 150-yen range.
Notice of Change in Trading Hours in March 2025
The following is a list of instruments whose trading hours will change between March 3, 2025, and March 31, 2025, due to public holidays (To Be Confirmed).
Changes in Trading Hours & Server Time Due to Daylight Saving Time
Please be informed that due to the start and end of DST in the US, Europe, and Australia in March and April, the trading hours for certain instruments will change. FXON's MetaTrader server time will also shift to GMT+3.
FXON Market Analysis (February 24 to March 2)
The foreign exchange market waffled during the week that ended on March 2nd. While sluggish U.S. economic data initially pushed the dollar lower, political factors lifted the dollar later in the week.
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[February 28] Bank of Japan's movements and Trump tariffs, market waits cautiously caught between concerns
Today yen selling strengthened following the weak results of the February Tokyo Metropolitan Area CPI announced at GMT 23:30 (on February 27), reaching a high of 150.14 yen around GMT 00:00, but reached a low of 149.09 yen shortly after GMT 02:00. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on February 28), it continues to show directionless movement, fluctuating from the upper 148-yen range to the 150-yen range.
ATR Bands Indicator
The ATR Bands Indicator adds and subtracts moving averages to ATR values and displays them as band-shaped graphs on the chart.
[February 27] Risk vigilance spreads, USDJPY slightly weakens
Today the USDJPY touched a low of 148.74 yen just after GMT 23:30 (on February 26) amid cautious sentiment regarding 25% tariffs on the EU. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on February 27), it is trading within a range of plus/minus 2 standard deviations without direction.
[February 26] Ongoing battle across the 149 yen level in USDJPY, direction remains ambiguous
Today the USDJPY turned upward after hitting a low of 148.62 yen shortly after GMT 23:00 (on February 25), and as of GMT 04:00, it is moving in the mid 149-yen range.
[February 25] Buybacks progress but unable to maintain above 150 yen
Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on February 25), it has been pushed back after exceeding +2 standard deviations, but if this decline becomes a dip, there is a possibility of pursuing higher prices beyond last week's high of 150.73.
Execution Speed Measurement Indicator
The Execution Speed Measurement Indicator collects the time taken for execution from past trading history and calculates the average. It becomes easier to understand the time required from placing an order to execution at your broker.
[February 24] USDJPY falls below 149 again--potential for further downside movement
Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on February 24), the recovery after the decline has been weak, suggesting the possibility of resuming the downward Bollinger Band walk that was temporarily interrupted. With the middle line also trending downward, the downward trend appears likely to continue.
Apology for the system failure occurred on Saturday 22, 2025
On Saturday 22, 2025, from 7:05 to approximately 7:17 (GMT) , trading on certain symbols were temporarily interrupted. However, the issue has been resolved, and rate distribution has returned to normal.
FXON Market Analysis (February 17 to February 23)
In the foreign exchange market for the week that ended on February 23rd, the yen strengthened against the dollar as the market increased expectations that the Bank of Japan (BOJ) would raise interest rates, helped by stronger-than-expected Japan's GDP.
[February 21] Sharp rebound from below 150 yen. Market continues to swing on officials' comments.
Today the USDJPY touched a low of 149.27 around GMT 23:30 (on February 20), then sharply rebounded following comments from BOJ Governor Kazuo Ueda. Around GMT 02:30, it reached a high of 150.73. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on February 21), while the sharp rebound temporarily exceeded +2 standard deviations, unless the price breaks above the recent high of 150.73 again, the downward trend appears likely to continue.
[February 20] USDJPY falls below 151 again as yen buying continues
Today the USDJPY has fallen below 151 as yen buying dominates due to uncertainty surrounding peace negotiations for the Ukraine war and expectations of additional Bank of Japan rate hikes. As of GMT 04:00, it is trading at 150.36. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on February 20), it has broken below the February 7 low of 150.93. The downward trend appears likely to continue.
Apology for the system failure occurred on February 19,2025
On February 19, 2024, from 14:43 to approximately 15:27 (GMT) , trading on certain symbols was temporarily interrupted. However, the issue has been resolved, and rate distribution has returned to normal.
[February 19] Yen selling somewhat dominant, USDJPY returns to 152 level
Today the USDJPY was focused on the speech by hawkish Bank of Japan board member Hajime Takata. However, there were no surprises, and after hitting a low of 151.75 around GMT 01:30 and a high of 152.31 around GMT 02:00, the pair has been trading in the upper 151-yen range.
[February 18] USDJPY remains firm as expectations grow for U.S. rate cut delay
Today the USDJPY saw buying activity around GMT 23:00 (on February 17) after U.S. Federal Reserve Governor Christopher Waller commented that "a pause in rate cuts would be desirable." Looking at the 1-hour chart of the USDJPY (as of GMT 03:40, February 18), the price touched -2 standard deviations before reversing upward, but stopped just short of 152. If it breaks above this level, an upward trend may develop.
