
USD/JPY in a Range Market, Quiet Trading Continues
Daily Market Report [January 6, 2026]
Expert market analysis and insights from Milton Markets professional traders and analysts.
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Daily Market Report [January 6, 2026]

Daily Market Report – January 5, 2026

Year-End Special – Daily Market Report (December 31, 2025)

Daily Market Report – December 30, 2025

Daily Market Report – December 29, 2025

Daily Market Report – December 24, 2025

USD/JPY pulled back after failing just below the 158 level. Markets shift into Christmas holiday mode with thin liquidity. Double-top risk emerges with neckline support at 155.

Gold breaks through the $4,400 level marking a new all-time high. Weekly RSI at 75 suggests strong momentum driven by capital shifting away from the U.S. dollar.

The Bank of Japan decided to raise its policy rate to 0.75%, reaching the highest level in 30 years. However, contrary to expectations, USD/JPY moved higher, showing continued yen weakness.

The market is gradually entering Christmas holiday mode, and position adjustments may intensify in the coming days. At the Bank of Japan policy meeting, a rate hike is widely expected.

The U.S. employment report passed without major market volatility. Gold continues to struggle with upside resistance as the market enters a consolidation phase ahead of key events.

Markets are closely watching the U.S. employment report. Whether the data is too strong or too weak, sharp market moves are possible. Ideally, the market is looking for a moderate slowdown.
![[London Session] Ahead of U.S. Employment Report Tomorrow, USD/JPY Trends Mildly Lower](/images/market-analysis/20251215USDJPYDAY.webp)
Tomorrow's U.S. employment report will be released on a non-standard schedule, so caution is advised. At the Bank of Japan policy meeting, a rate hike is largely priced in, yet USD/JPY continues to show a mildly bearish trend.

U.S. interest rate cuts continue to support gold prices. A rare "cup with handle" pattern has appeared on the gold chart, suggesting potential for further gains toward $4,400.

The U.S. Federal Reserve decided to cut rates, with three dissenting votes. The dollar index fell, and selling pressure increased on USD/JPY as well.

USD/JPY rebounded at the 23.6% Fibonacci level and regained its upward momentum. A December rate hike by the Bank of Japan is now fully expected, yet the yen continues to weaken.

ECB board member Schnabel stated that "there is no disagreement that the next move could be a rate hike." Following this comment, EUR/USD briefly surged above 1.167.

The market is simultaneously pricing in a Bank of Japan rate hike and a Federal Reserve rate cut. Whether these expectations will materialize depends on comments from key officials.

Daily Market Report – December 5, 2025

Selling pressure on the U.S. dollar is growing as investors expect rate cuts under the incoming Chairman Hassett. USD/JPY is trading in the mid-155 range and has dropped below the Ichimoku base line.

President Trump plans to announce the next Federal Reserve Chair early next year. Rate-cut expectations are increasing, leading to stronger dollar selling. USD/JPY is showing heavy topside.

Daily Market Report – December 2, 2025

The Nikkei declined, pressured by real estate stocks, while bank stocks held firm. USD/JPY fell toward the 155 level as expectations for a December rate hike grew.

The ECB minutes suggested that policymakers are in no hurry to cut rates. Bitcoin recovered to 90,000 dollars after briefly falling below 80,000.