03/17/2025 22:20

Release： 03/17/2025 22:20

Update： 03/17/2025 22:20

Single article

$3.13

Reference price (JPY): ￥500 (taxed)

Series

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.

$25.06/month

Reference price (JPY): ￥4,000/月 (taxed)

Monthly subscriptions are only available on the Japanese site.

The dollar/yen is fluctuating step by step. Issei Ishiba resignation leads to a firm outlook at the bottom.

【3/17Market Overview

During Tokyo time, last week, multiple media reports suggested that the Bank of Japan would hold policy rates, and with Mr. Ishiba's support ratings declining, if Ms. Takai became prime minister, the BOJ could constrain a rate hike, and the USD/JPY rose to15time149.10yen. In European trading, with after-hours U.S. stock futures weakening and declines in the U.S.10year Treasury yields, USD/JPY fell to the mid-148s148yen level. In New York time, as the2month U.S. retail sales and3monthNYFed Manufacturing ISM fell short of expectations, USD/JPY dropped to148.23yen. After the selling eased, buying resumed. With the rise in the U.S.10year Treasury yields, USD/JPY rose to149.10yen. After the rally paused,3month NAHB Housing Market Index (NAHB) released a worse-than-expected reading, and USD/JPY moved to148.44yen. Subsequently, as U.S. stock gains led to yen selling and dollar buying, USD/JPY surpassed149.00yen and rose to149.28yen.