12/18/2025 20:14

Release： 12/18/2025 20:14

Update： 12/18/2025 20:14

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This is a magazine for upskilling in FX trading. Two features: FX Evangelist Endō's USD/JPY analysis, and former mega-bank chief dealer Hayashi's global analysis of the foreign exchange market.

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The USD/JPY pair was pushed down by the US CPI forecast missing expectations, but later held its losses.

【12/18Market Overview

During Tokyo time, USD/JPY rose above the previous day's high of154.75yen as a result of dollar buying at the fixing, reaching155.91yen. In European hours, USD/JPY briefly rose to155.97yen.NYtime,11th月CPI2.7% YoY in3.1% versus the forecast of3.0%, and the core CPI excluding food and energy also came in at2.6% YoY, below the forecast of3.0%. As a result, broad dollar selling led to USD/JPY dipping to155.28yen. However, after the initial selling subsided, and with some skepticism about the CPI data capped by a decline in the US10year Treasury yield, the dollar/yen found a floor and held its gains.