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USDJPY at 156.796, 39.7 pips of London range so far

US Flash Manufacturing and Services PMI land at 13:45 UTC, the first of 8 releases in the window

USDJPY · London session · Published Oct 23, 2026, 8:30 AM

USDJPY last printed 156.796, near the low of a London session that has run 39.7 pips between 156.743 and 157.140 since the 157.074 open. The nearest level above is the round number at 157.000, 20.4 pips away, then the session open at 157.074, 27.8 pips up. Below sit the prior day low at 156.688, 10.8 pips down, and the previous session low at 156.075, 72.1 pips lower.

Asia traded 109.2 pips between 156.075 and 157.168 and closed at 157.074, while the prior trading day covered 156.4 pips from 158.252 down to 156.688. An ordinary day of the last 14 covers 79.8 pips, and the latest day sits at the 84th percentile of the last 44 days we hold, which is a busy day for this market.

The US Flash Manufacturing PMI is scheduled for 13:45 UTC with a forecast of 55.4 against a previous 57.0, and the Flash Services PMI at the same time with 57.9 against 58.7. Over 95 past pmi_usd releases USDJPY moved 13.08 pips on average in the first 15 minutes and 20.71 in the first 60, in either direction. At 14:00 UTC the Revised UoM Inflation Expectations carry a forecast of 4.7% against 4.7%.

Large speculators are net long 50207 contracts, a change of -12118 on the week, the 14th percentile of the last 52 weekly reports. Among the headlines graded 2 of 3 for USDJPY, Action Forex reported Japan Core CPI returning above 2% at 02:20 UTC.

Session brief

  1. USDJPY, London sessionOpen 157.074, high 157.140, low 156.743, close 156.796: a range of 39.7 pips over 91 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 156.786, high 157.168, low 156.075, close 157.074: a range of 109.2 pips over 595 minutes, from our own one-minute candles.
  4. USDJPY daily rangeAn ordinary day of the last 14 covers 79.8 pips. The latest day sits at the 84th percentile of the last 44 days we hold, which is a busy day for this market. Measured on our own candles.
  5. USD Flash Manufacturing PMIScheduled 2026-10-23 13:45 UTC, impact 2 of 3. Forecast 55.4. Previous 57.0. From Forex Factory.
  6. USDJPY reaction to pmi_usdOver 95 past releases USDJPY moved 13.08 pips on average in the first 15 minutes and 20.71 in the first 60, in either direction. Measured on our own one-minute candles.
  7. USD Revised UoM Inflation ExpectationsScheduled 2026-10-23 14:00 UTC, impact 2 of 3. Forecast 4.7%. Previous 4.7%. From Forex Factory.
  8. CFTC Commitments of Traders, 097741Large speculators are net long 50207 contracts, a change of -12118 on the week. That is the 14th percentile of the last 52 weekly reports.
  9. Japan Core CPI Returns Above 2% as Underlying Inflation BroadensAction Forex. Graded impact 2 of 3 for USDJPY by our headline classifier.
  10. Economic calendar for USD and JPY8 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-24 08:30 UTC. Our calendar covers up to 2026-11-22 00:00 UTC.

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.