The dollar-yen rose into the 157 range during Asian hours before meeting renewed resistance, while short-term trading with market orders increased. Selling is currently concentrated above the market, with no notable orders below.
The dollar-yen rose into the 157 range during Asian hours, reaching 157.10 yen. It subsequently rose as high as 157.540 yen at one point, while there were also periods when yen weakness prevailed in the FX market.
The Bank of Japan’s decision to raise interest rates by 0.25% affected the market, and market orders have become prominent in short-term trading activity. Offers are currently being observed around 157.950 yen, while no notable orders are seen below. Retail investors appear to be trading mainly with market orders.