8:27 AM · 25 July 2024

Chart of the day - USDJPY (25.07.2024)

USDJPY fell 0.65% to 152.7300 today, recording its biggest monthly decline since November 2022. From peaks above 161.0000, the decline already exceeds 5.60%.

A dynamic change in the trend occurred after the Bank of Japan intervened in the foreign exchange market in the first half of the month, around July 10-12. The sell-off was accelerated by lower CPI data from the US, which led to a sharp devaluation of the dollar.

Higher PPI (wholesale) inflation data came from Japan today. Business services prices rose the most in more than three decades to 3.00% against expectations of 2.60%. If this translates into consumer inflation, it will be another reason for the BoJ to tighten monetary policy further.

The BoJ will hold its next meeting next week. The bank is likely to debate whether to raise interest rates by 0.10% and present a plan to reduce bond purchases. The decision on interest rates will depend on policymakers' conviction that consumption will recover and keep inflation stable around the bank's 2% target.

USDJPY (D1)

The USDJPY chart shows dynamic declines after breaking the long-term upward trend line. The declines halted around the support zone at 150-152 JPY per USD. This zone coincides with the 200-session SMA, providing additional support. Current levels are crucial, and a short-term rebound cannot be ruled out. However, if the selling pressure proves stronger, it is important to closely watch the next support levels, namely 145.000 and 148.000.

Source: xStation 5

16 June 2026, 6:53 PM

Daily Summary - Oil Nearly Erases War Gains as Wall Street Pulls Back Ahead of Fed Decision (16.06.2026)

16 June 2026, 4:50 PM

What does the Bank of Japan's rate hike mean for the yen?

16 June 2026, 8:03 AM

AUDUSD falls after RBA decision despite maintaining a hawkish stance ⚔️

16 June 2026, 7:42 AM

Economic calendar: US housing market data in focus 🔎

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits