search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

All Eyes on the Direction of the USD/JPY, Which Has Broken into the 150-yen Range for the First Time in 32 Years

Market Report

All Eyes on the Direction of the USD/JPY, Which Has Broken into the 150-yen Range for the First Time in 32 Years

21.10.2022

Today's Highlights
  1. U.S. — Williams: Remarks by the President of the New York Fed
  2. European Consumer Confidence Index

In U.S. currency trading the previous day, the U.S. dollar rose as the yield on the 10-year U.S. Treasury note climbed to 4.24%. The USD/JPY pair touched the key 150-yen level for the first time in 32 years—since August 1990—rising to 150.289.During today’s Asian trading session, USD/JPY has not experienced a significant decline and continues to rise gradually along the 20-period moving average on the hourly chart. Although price movements are gradual, the RSI—which indicates market overheating—stands at 82 on the daily chart, so we should anticipate a correction.

European currencies saw the pound rise temporarily yesterday following British Prime Minister Truss’s announcement of her resignation. The GBP/USD pair rebounded by approximately 160 pips, from 1.1169 to 1.1334. However, pressured by the strength of the U.S. dollar, it fell back by the same amount it had risen.During today’s Asian trading session, GBP/USD is trading around 1.1214, just below the 200-period simple moving average (SMA) on the hourly chart. We will be watching closely to see if an upward move materializes as we head into the European session.

Today, during Asian trading hours at 15:00, UK retail sales and Swedish employment data will be released; during European trading hours at 16:00, Turkey’s consumer confidence index and Hungary’s unemployment rate will be released; at 17:00, Philippine retail sales; at 20:00, Mexican retail sales;at 8:30 p.m. India’s foreign exchange reserves, at 9:30 p.m. during U.S. trading hours Canada’s retail sales, at 10:10 p.m. remarks by Williams, President of the New York Fed, and at 11:00 p.m. the Eurozone consumer confidence index.We will be closely monitoring the direction of the USD/JPY pair, which has broken into the 150-yen range for the first time in 32 years.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Attention May Turn to Remarks by BOE Deputy Governor Broadbent

Next Article

Will the decline in the Dollar Index weigh on the U.S. dollar, or should we wait and see?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are paying close attention to this feature.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for four hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for four hours.

Return to Notification Settings