USD/JPY Pulls Back At 159. Here's What Has Changed After A Five-Day Rally
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USDJPY Pulls Back from Two-Week High, Potential Formation of Bull-Trap - ActionForex
USDJPY pulls back from new three-week high on Friday, as traders started to collect profits from the steep rally that lasted nearly two weeks. Overbought daily stochastic, stretched 14-d momentum, south- turned RSI and persisting talks about another intervention (readiness of Japanese authorities to intervene again as well as President Trump’s concerns over weak yen, […]
USD/JPY Pulls Back At 159. Here's What Has Changed After A Five-Day Rally
USD/JPY climbed steadily over the last two weeks, extending a five-day rally that pushed the pair toward the 159 mark. On Thursday, September 24, it hit highs near 159.05 before settling around 158.86. But during European trading today, the pair reversed course. It’s trading between 158.00 and 158.20, about 0.5% below its previous close. What Has Changed in Recent Trading The drop reflects traders taking profits and growing market caution, espec…
On the evening of the 24th, the yen briefly fell to the upper 158 yen range against the dollar in the foreign exchange market, reaching its lowest level in about three weeks. Amid growing expectations of further interest rate hikes in the United States, selling of the yen and buying of the dollar prevailed, driven by expectations of a widening interest rate differential between Japan and the US. Professor Yuri Sasaki (financial theory) of Meiji …
This article is a partially edited and reprinted version of "Takuya Kanda's Current Market View and FX Trading Strategy," originally published on September 24, 2026 (Thursday) on the "Shepherd's FX Blog." It introduces the latest market view and strategy as heard from Takuya Kanda of Gaitame.com Research Institute shortly after 10:00 AM on September 24, 2026 (Thursday). Takuya Kanda, Gaitame.com Research Institute, Inc. […]
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