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FXON Market Analysis (January 13 to January 19)
In the foreign exchange market for the week that ended on January 18th, the USDJPY broke above the 158 yen level at the beginning of the week following the release of the U.S. employment figures on January 10th.
[January 17] USDJPY drops below 155 on Bank of Japan rate hike expectations and U.S. rate cut expectations
Today the USDJPY hit a low of 154.97 shortly after GMT 00:30, then reached a high of 155.49 around GMT 04:00, and continues to trade higher. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 January 17), it briefly reached +1 standard deviation but is trending downward. If it breaks below 155 again, it appears likely to aim lower.
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[January 16] USDJPY Plunges to 155 range amid successive Bank of Japan rate hike predictions
Looking at the 1-hour chart of the USDJPY (as of GMT 03:40), the price has broken below its previous range and fallen significantly. The downward trend appears likely to continue.
[January 15] USDJPY continues to trade in range - will CPI data determine direction?
Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 January 15), prices are ranging between around 157.0 and 158.2. One sensible approach might be to move in the direction in which the price breaks.
[January 14] USDJPY fluctuates on Bank of Japan rate hike speculation, continues to trade in 157 range
As 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 experienced volatility when Deputy Governor of the Bank of Japan Himino mentioned potential rate hikes this year at GMT 01:30, hitting a high of 158.03 and a low of 156.99, but has since been trading without clear direction in the upper 157-yen range. Looking at the 1-hour chart of the USDJPY (as of GMT 04:30), it is range-bound between 157 and 158 yen. It seems that the best strategy here would be to move in the direction in which the price breaks.
Perfect Order Indicator
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[January 13] USDJPY shows subdued movement with bearish tone after U.S. employment data volatility
Today the USDJPY reached a high of 157.96 shortly after GMT 00:00 before turning downward, then hit a low of 157.27 after GMT 01:30. As of GMT 04:00, it is falling again, targeting the recent low.
FXON Market Analysis (January 6 to January 12)
In the foreign exchange market for the week that ended on January 12th, the dollar dominated other major currencies. Meanwhile, the market experienced nervous fluctuations in response to President-elect Donald Trump's potential tariff policies and strong U.S. economic indicators.
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The JST Conversion Indicator displays Japan time above the server time on MT4/MT5.
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The Auto Fibonacci Indicator automatically draws three types of Fibonacci (Retracement, Expansion, and Fan).
Paint tool
The Paint Tool is an indicator that allows you to freely draw shapes and other elements on charts. It supports chart analysis by enabling you to draw basic lines and shapes, as well as free-form text and over 200 types of stamps.
[January 10] Small movements around 158 yen. Market in wait-and-see mood ahead of U.S. employment statistics.
Today the USDJPY touched a low of 157.93 around GMT 01:00, then rose to reach a high of 158.28 shortly after GMT 02:30, and as of GMT 04:00 is moving in the lower half of the 158-yen range. With U.S. employment statistics scheduled for release at GMT 13:30 today, there is little momentum in the market.
