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[December 25] Many countries closed for Christmas, range continues in early 157-yen level
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 reached a high of 157.32 shortly after GMT 00:30, and as of GMT 04:00 is trading around 157.0. Today many countries are closed for Christmas, and trading is unavailable at multiple FX companies. With reduced price movement and widening spreads, there's no need to trade unless you have a specific target.
[December 24] Christmas Eve shows firmness but lacks direction, USDJPY maintains 157-yen range
Today the USDJPY reached a high of 157.39 shortly after GMT 00:30, then fell back to record a low of 157.05 shortly after GMT 01:30. Tomorrow, December 25, many FX companies will suspend trading. With reduced price movement and widening spreads, there is no need to trade unless you have a specific target.
[December 23] Market slightly weaker after major events pass. Limited movement ahead of Christmas.
Today the USDJPY hit a high of 156.69 around GMT 01:00 but failed to extend gains, and traded in a range-bound market in the 156.6 to 156.3 range. This being Christmas week, market participation is expected to be low with no clear indication of direction.
FXON Market Analysis (December 16 to December 22)
In the foreign exchange market for the week that ended on December 22nd, traders focused on monetary policy announcements from major central banks and various economic indicators. As a result, the currency markets, especially the USDJPY, experienced significant volatility.
[December 20] BOJ Governor Kazuo Ueda's dovish comments push yen lower, USDJPY exceeds 157
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 hit a high of 157.92 around GMT 00:00, but fell below 157 temporarily due to Finance Minister Katsunobu Kato's comments aimed at restraining yen depreciation and dollar selling in reaction to yesterday's yen depreciation. Looking at the 1-hour chart of the USDJPY (as of GMT 03:50), the band width is narrowing and has temporarily reached -1 standard deviation.
[December 19] U.S.-Japan Interest Rate Differential Maintains Trend USDJPY breaks above 155 yen
Today the USDJPY responded to the Bank of Japan's monetary policy meeting decision to maintain policy rates with yen selling. Looking at the 1-hour chart of the USDJPY (as of GMT 05:10, December 19), the Bollinger Band width has expanded, and the price is trending upward between +1 standard deviation and +2 standard deviations. The November high of 156.74 appears to be the next target.
[December 18] U.S. and Japan interest rate announcements approaching. USDJPY stagnates in upper 153 range.
Today the USDJPY reached a high of 153.78 shortly after GMT 01:30, then traded within a range in the upper 153 level. Looking at the 1-hour chart of the USDJPY (as of GMT 03:30 on December 18), it has risen from -2 standard deviations and is stagnating at the middle line. If it breaks below -1 standard deviation again, there could be potential for further downside movement
Notice of Changes to Trading Hours for Certain Stock Indices
We would like to inform you that the trading hours for certain stock index instruments will be changed.
[December 17] USDJPY briefly falls below 154, limited movement ahead of U.S. FOMC
Today the USDJPY reached a high of 154.34 around GMT 00:30, then declined to hit a low of 153.80 shortly after GMT 02:00. Looking at the 1-hour chart of the USDJPY (as of GMT 03:30 on December 17), while approaching -1 standard deviations from the range, the middle line is still trending upward. It is reasonable to maintain an upward bias.
[December 16] USDJPY strengthens towards 154 amid expectations Bank of Japan will maintain policy rate
Today the USDJPY rose from a low of 153.32 around GMT 00:00, reaching a high of 153.97 around GMT 02:00 before being pushed back. As of GMT 04:00, it is trading directionlessly in the upper 153 range.
FXON Market Analysis (December 9 to December 15)
In the foreign exchange market for the week that ended on December 15th, the USDJPY was boosted by strong economic data from the U.S., speculation that the Bank of Japan (BOJ) would not raise interest rates, and a strengthening dollar in overseas markets.
Apology for the system failure occurred on December 10,2024
On December 10, 2024, at 03:43 (GMT), trading on certain stocks was temporarily interrupted. However, the issue has been resolved, and rate distribution has returned to normal.
[December 13] USDJPY Recovers to 153-Yen Level as Bank of Japan Rate Hike Expectations Recede
Today the USDJPY reached a high of 153.04 around GMT 03:00, as the Bank of Japan Tankan survey results released around GMT 23:30 (on December 12) were largely in line with expectations, suggesting that expectations for a Bank of Japan rate hike have receded. Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on December 13), the band width has expanded, with candlesticks moving between +1 standard deviation and +2 standard deviations.
[December 12] Market fluctuates on reports of Bank of Japan rate hike speculation. CPI in line with expectations, no trend.
Today the USDJPY hit a high of 152.45 around GMT 23:00 (December 11), then trended downward, recording a low of 151.95 shortly after GMT 01:00. Looking at the 1-hour chart (as of GMT 04:00 on December 12), the band width has narrowed and broken below the middle line. If it breaks below 152, it looks likely to aim lower.
Sudden Widening of Spreads and Market Instability in Gold
The spreads for gold (XAUUSD, XAUEUR) experienced a sudden widening. Similar occurrences may happen over the next several days.
[December 11] Market in wait-and-see mode ahead of U.S. CPI, giving back yesterday's gains
Today the USDJPY marked a low of 151.41 around GMT 03:30 triggering yen buying in the market. Looking at the 1-hour chart (as of GMT 03:30), it fell from +2 standard deviations to -2 standard deviations but has since rebounded and is rising. If it continues to approach the middle line, it looks appropriate to maintain an upward bias.
Notice of Changes to Trading Hours for Indices
We would like to inform you of the new trading hours for stock index instruments, effective from Monday, December 16, 2024. Please review the details of the affected instruments.
[December 10] The battle at 150 yen tips toward yen weakness. Chinese monetary easing expectations invite yen selling.
Today the USDJPY reached a high of 151.54 around GMT 01:00 before declining, and as of GMT 04:00 is trading in the lower 151 range. Looking at the 1-hour chart of the USDJPY (as of GMT 03:50), the upward Bollinger Band walk has ended, breaking below +1 standard deviation and approaching the middle line. If it breaks below 151, the decline is likely to gain momentum.
[December 9] USDJPY struggles to move higher as employment report fails to boost price and risk aversion continues
Today the USDJPY touched 149.69 around GMT 00:30, but recovered to around 150 yen near GMT 01:30, and as of GMT 04:00, continues to trade in the same range without clear direction.
FXON Market Analysis (December 2 to December 8)
The foreign exchange market for the week that ended on December 8th got nervous over political events in the U.S. and Asia, as well as economic indicators. The USDJPY rose to the upper 150 yen range earlier in the week but then fell back to the 149 yen range as the yen was bought on risk-off sentiment and the U.S. employment data.
