USD/JPY: 20-day volatility 0.244% daily (2nd pct)

On 2026-07-21, USD/JPY closed at 162.487, down 0.01% on the day. It trades at 96.8% of its 52-week range. Its RSI(14) of 61.49 is in the 80th percentile of its history since 1996, and its 20-day return of +0.57% in the 56th percentile. Leveraged-money positioning is net -22.8% of open interest, in the 24th percentile of its own two-year range. It is trading above its 20-, 50- and 200-day moving averages. Its 20/50/200-day moving averages are 162.112 / 160.654 / 157.43, with price +0.23% / +1.14% / +3.21% against them. Its 52-week range is 146.217–163.031; it closed 0.33% below the high and 11.13% above the low. Its 20-day volatility is 0.244% daily, in the 2nd percentile of its history since 1996. Its 14-day average true range (ATR) is 0.658 (65.8 pips), 0.40% of price. It has returned +0.04% over 5 days and +1.96% over 60 days.

=== USD/JPY  (pip 0.01) ===
  >> close 162.487  -0.015%   · 20d vol 0.244% daily (2nd pct, since 1996 (7677 obs))
  price & change   (as of 2026-07-21, prior 2026-07-20)
    close       162.487
    change      -0.025  (-0.015%, -2.5 pips)
    gap         -0.032  (-3.2 pips)  (cross-session move on continuous FX; not a feed gap)
  range            (as of 2026-07-21)
    range       0.591  (59.1 pips)
    close pos   8.0% of range
  moving averages  (as of 2026-07-21)
     20d MA     162.112   price above by +0.23%
     50d MA     160.654   price above by +1.14%
    200d MA     157.430   price above by +3.21%
    price > all MAs
    stack: 20d > 50d > 200d
  volatility       (as of 2026-07-21)
    20d stdev   0.244% daily ≈ 3.9% annualized (×√252)   (2nd pct of own history, since 1996 (7677 obs))
    vs easing-2024 avg  0.41× (0.244% vs 0.592% era avg)
  ATR              (as of 2026-07-21)
    ATR(14)    0.658  (65.8 pips)
    ATR%        0.40%   (0th pct of own history, since 1996 (7683 obs))
    range/ATR   89.8%
  52-week range    (as of 2026-07-21)
    high        163.031   (-0.33% from high)
    low         146.217   (+11.13% from low)
  momentum         (as of 2026-07-21)
    RSI(14)     61.49   (80th pct of own history, since 1996 (7683 obs))
  returns          (as of 2026-07-21)
     5d return  +0.04%
    20d return  +0.57%
    60d return  +1.96%
  volatility by rate-era
    pre-crisis       0.8804%   (from 1996-10-30)
    ZIRP-2009        0.6396%
    tightening-2015  0.5829%
    ZIRP-2019        0.4159%
    tightening-2022  0.6795%
    easing-2024      0.5920%
  positioning      (as of 2026-07-14)
    next COT     as of 2026-07-21 (released ~that Fri, later if a holiday intervenes)
    net         -90,461 contracts (net short JPY; = long USD in USD/JPY terms)
    net % OI    -22.8%
    net%OI range -33.5% … +10.5% (own 133w)
    w/w change  -378
  cross-asset corr (26w weekly returns; async daily closes cap the magnitude)  (as of 2026-07-21)
    vs DXY      +0.59
    vs S&P 500  -0.10
    vs DXY beta +0.91 (26w)