fxmind
Try free

All briefs

USDJPY holds 158.121 after a 54.8 pip London range

FOMC Meeting Minutes at 18:00 UTC is the next high-impact release on the calendar

USDJPY · London session · Published Oct 7, 2026, 8:35 AM

USDJPY last traded at 158.121, inside a London session that has run 54.8 pips between 157.850 and 158.399. The nearest level above is the prior day high at 158.248, 12.7 pips away, then the session open at 158.306, 18.5 pips above. Below sit the previous session low at 158.060, 6.1 pips down, and the round number at 158.000, 12.1 pips below.

The Asia session closed at 158.306 after trading between 158.060 and 158.512, a range of 45.2 pips. The prior trading day covered 47.8 pips, from 157.770 to 158.248. An ordinary day over the last 14 covers 117.8 pips, and the latest day sits at the 12th percentile of the last 42 days we hold, which is a calm day for this market.

Eight releases of impact 2 or 3 fall in the next 24 hours, and our calendar covers up to 2026-11-06 00:00 UTC. The 10-Year Note Auction and President Trump Speaks are both at 17:00 UTC, then FOMC Meeting Minutes at 18:00 UTC and Fed Consumer Credit m/m at 19:00 UTC. Over 117 past FOMC releases USDJPY moved 12.38 pips on average in the first 15 minutes and 20.81 in the first 60, in either direction.

Large speculators are net long 55440 contracts, a change of -16542 on the week, the 8th percentile of the last 52 weekly reports. The loudest headline for this instrument is graded impact 2 of 3, published at 07:51 UTC, and it covers the Australian Dollar pulling back as the US Dollar stays firm ahead of the FOMC Minutes.

Session brief

  1. USDJPY, London sessionOpen 158.306, high 158.399, low 157.850, close 158.121: a range of 54.8 pips over 95 minutes, from our own one-minute candles.
  2. USDJPY reference levelsPrevious day and previous week high and low, the session open and the round numbers either side, measured on our own candles.
  3. USDJPY, Asia sessionOpen 158.124, high 158.512, low 158.060, close 158.306: a range of 45.2 pips over 595 minutes, from our own one-minute candles.
  4. USDJPY, previous trading dayHigh 158.248, low 157.770, close 158.096 on 2026-10-06, a range of 47.8 pips, from our own candles on the trading day that starts 17:00 New York.
  5. USDJPY daily rangeAn ordinary day of the last 14 covers 117.8 pips. The latest day sits at the 12th percentile of the last 42 days we hold, which is a calm day for this market. Measured on our own candles.
  6. Economic calendar for USD and JPY8 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-08 08:35 UTC. Our calendar covers up to 2026-11-06 00:00 UTC.
  7. USD 10-Year Note AuctionScheduled 2026-10-07 17:00 UTC, impact 3 of 3. Previous 4.834%. From MQL5 Economic Calendar.
  8. USDJPY reaction to fomc_usdOver 117 past releases USDJPY moved 12.38 pips on average in the first 15 minutes and 20.81 in the first 60, in either direction. Measured on our own one-minute candles.
  9. CFTC Commitments of Traders, 097741Large speculators are net long 55440 contracts, a change of -16542 on the week. That is the 8th percentile of the last 52 weekly reports.
  10. Australian Dollar pulls back from one-week top as USD stays firm ahead of FOMC MinutesFXStreet. Graded impact 2 of 3 for USDJPY by our headline classifier.
  11. USD FOMC Meeting MinutesScheduled 2026-10-07 18:00 UTC, impact 3 of 3. From Forex Factory.

Written once by FxMind's desk from our own market data, the same text every reader sees.

Context on the market, not a trade recommendation. The decision is the trader's.