01/08/2026 20:25

Release： 01/08/2026 20:25

Update： 01/08/2026 20:25

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Terasu Magazine

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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USD/JPY nudged higher for a third consecutive day, modest gains after stronger-than-expected U.S. economic data.

【1/8Market Overview

Tokyo time, when domestic real demand buys dollars, USD/JPY breaks above the previous high of156.80yen, triggering stops and rising to156.95yen. After that, with the Nikkei average软弱 and US Treasuries in after-hours trading yielding lower, USD/JPY fell to156.45yen. In European session, USD/JPY fell on the back of the Nikkei’s decline to156.45yen, but the nearby support at the previous day’s low156.30yen supported a rebound. During New York time, the prior week's initial jobless claims were21.2 ten-thousand cases versus20.8 ten-thousand cases; the 10-month U.S. trade deficit being forecast at--294 hundred million dollars, versus--294157.07 hundred million dollars, indicating a stronger tone. As a result, with rising U.S. 10-year yields, USD/JPY rose toyen. When the London fix showed yen buying and dollar selling, USD/JPY pulled back to156.77yen but then156.99yen was bought back.