All eyes are on the direction of the USD/JPY pair, which has broken into the 150-yen range for the first time in 32 years

All eyes are on the direction of the USD/JPY pair, which has broken into the 150-yen range for the first time in 32 years

21.10.2022

In yesterday’s U.S. currency trading, 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 seen a significant decline and continues to rise gradually along the 20-period moving average on the hourly chart. Although price movement is 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 Prime Minister Truss’s announcement of her resignation. GBP/USD rebounded by approximately 160 pips, climbing from 1.1169 to 1.1334. However, it was pushed back down by the strength of the U.S. dollar, falling by the same amount it had risen.During today’s Asian session, GBP/USD has been 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 during 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 PM, India’s foreign exchange reserves; during U.S. trading hours at 9:30 PM, Canada’s retail sales; at 10:10 PM, remarks by Williams, President of the New York Fed; and at 11:00 PM, the Eurozone consumer confidence index. We will be closely monitoring the direction of USD/JPY, which has broken into the 150 yen range for the first time in 32 years.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?