According to the foreign exchange order information released today, USD/JPY traded within a range of approximately ¥1, with sell orders seen at ¥158.30-¥158.40 on the upside and buy orders at ¥157.40 on the downside.
USD/JPY moved within a narrow range of approximately ¥1 during Asian hours today. It temporarily fell to ¥157.256 in tandem with the decline in US equities, before being bought back to ¥158.166. Position adjustment ahead of the US employment report is believed to have been a factor, and trading subsequently became subdued.
Current orders on the upside are clustered around ¥158.300 and ¥158.400, while buy orders at ¥157.400 are also being seen on the downside. However, active trading ahead of the event is being avoided.
The source is 外為どっとコム's foreign exchange order information, which reportedly provides the levels and quantities of limit and stop orders. Future movements may vary depending on US economic indicators and related news.
The article is based on information provided by 外為どっとコム and notes that readers should make their own individual investment decisions.