Live Updates > Live Update Details
2025-09-19 09:12:04
USD/JPY Continues to Rebound, Market Await Bank of Japan Decision] 1. USD/JPY continued its overnight rebound, returning to pre-FOMC levels. The exchange rate hit a high of 148.26 overnight, rising above the Ichimoku Cloud (146.80-147.96) on the daily chart. 2. During Friday's Asian session, the exchange rate traded between 147.87 and 148.11, with the market awaiting the Bank of Japan's upcoming policy announcement. Currently, the exchange rate has returned to the core of the Cloud, fluctuating between the 10-day and 200-day moving averages (146.25/148.64). 3. Market trends will largely depend on whether the Bank of Japan sends hawkish signals today. The Federal Reserve's recent stance has been more cautious than market expectations, while the narrowing trend in the US-Japan Treasury yield gap continues, keeping USD/JPY under overall downward pressure. 4. Options expiring today: 146.80 (US$844 million), 147.00 (US$1.1 billion), 147.45-55 (US$1.6 billion in total), 148.00-06 (US$548 million). In addition, Japanese importers are demanding dollars before the Tokyo market fix. Saturday is Gotobi (payroll settlement day), and the sharp rise in US stocks may also boost dollar buying.
