USDJPY is close to 151.958

4月8日

The Bank of Japan (BoJ) increased its policy interest rate to 0.00-0.10% in March, bringing interest rates out of negative territory. Although the yen was expected to increase, the market witnessed a decline in the yen, causing the USDJPY exchange rate to increase.

Although the Bank of Japan gave limited guidance on further policy tightening, markets viewed the move as a moderate interest rate hike, so the yen's depreciation fueled sentiment. that the central bank could intervene to support the yen.

In addition to great nonfarm payrolls data, hawkish speeches from Federal Reserve officials helped US bond yields reach their highest level in more than four months and also supported USD/JPY. The yield on the 10-year U.S. Treasury note hit 4.42% on Monday, its highest since November 27. Higher US bond yields and the USD push USD/JPY higher still.

On the daily chart, USDJPY has not yet broken the confluence resistance level by the upper edge of the price channel (a) and the 1% Fibonacci level of 151,958 to qualify for a new bullish cycle.
While USD/JPY still has a primary bias to the upside, sustained activity below 151.958 provides room for short-term downside corrections without changing the primary uptrend.
In the long term, the main trend of USD/JPY is up with the main price channel (a) as the long-term trend and the short-term uptrend supported by EMA21.
The main uptrend in USD/JPY will be highlighted by the following technical levels, and traders should also pay attention to the possibility of a slight correction occurring.
Support: 150,767 – 150,102
Resistance: 151.958

4月9日

ノート

USD/JPY traded around 151.89 after BoJ Governor Ueda's remarks

USD/JPY increased to near the 152.00 mark, trading around 151.89 after BoJ Governor Ueda's comments that he needed to consider reducing the level of economic stimulus if inflation continues to accelerate.

4月10日

ノート

USDJPY did not fluctuate much after BoJ Governor Ueda's statements

USDJPY is currently increasing slightly by 0.02% to 151.75, without much change after BoJ Governor Ueda's statements.

All eyes of the market are currently on the release of US CPI data for March today

4月11日

ノート

4月15日

ノート

USD/JPY fell as Japanese officials emphasized regular talks with foreign officials on foreign exchange

A senior official of the Japanese Ministry of Finance said there are regular negotiations with the US government and other countries on moves in the financial and foreign exchange markets.

This is verbal intervention.

USDJPY fell slightly to 153.72 after the news

4月18日

ノート

4月18日

ノート

USDJPY dropped to 154.15 after statements from Japanese officials

Japanese Deputy Minister of Finance in charge of international affairs Kanda continued to intervene in currency with words, affirming the G7 statement reaffirming foreign exchange commitments based on Japan's stance

BoJ official Noguchi affirmed the need to maintain ultra-loose monetary policy

USDJPY decreased slightly to 154.15.

4月19日

ノート

One thing to note is that over the past several months, despite global instability, the USDJPY pair has still increased, proving that the USD is still more favored. However, the RSI indicator is in the overbought zone and shows signs of turning down. If the correction takes place, it may not be too negative and the main trend will still be uptrend.

4月25日

ノート

USDJPY rose 0.4% to a session high of 155.37 on Wednesday, marking the first time since June 1990 that the pair exceeded 155. USDJPY traded at 155.21 as of 5:27 a.m. this morning.

4月26日

ノート

USD/JPY decreased slightly from the peak to 155.97 before BOJ Governor Ueda's speech.

The BOJ's policy decision hasn't yielded much, and based on recent inflation data, it's hard to see an overly hawkish approach from Ueda. But that could be taken to mean they are comfortable with allowing the yen to fall further.

Ueda prepares to start the press conference. And usually, it will last about an hour or so. USD/JPY rose 0.2% to 155.97 on the day but was down from around 156.20 previously.