01/07/2025 20:57

Release： 01/07/2025 20:57

Update： 01/07/2025 20:57

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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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Dollar/yen continues to rise following the solid ISM Non-Manufacturing PMI and JOLTS.

【1/7Market Overview

In Tokyo time, the USD/JPY rose to 158.42 yen as the Nikkei stock average rebounded significantly and risk-on sentiment prevailed, a level not seen since last July.7months158.42yen, but then, on the back of rising domestic long-term interest rates and Finance Minister Kato’s comments warning against a weaker yen, it slipped to the 157 yen level. In European time, the USD/JPY struggled to move higher and fell to 157.36 yen.157.36yen. In New York time,12month USISM54.1 (Forecast53.3) •11month USJOLTS job openings were809.8 million (forecast770.0 million) and stronger data, which, along with rising U.S. 10-year treasury yields, pushed the USD/JPY back up to 158.42 yen. After failing to break above that level in Asian session, it stalled. Moreover, with former President Trump saying that “rates are too high,” sentiment toward the dollar yen worsened, pushing it down to158.42yen to rise again. 157.58yen.