Buying by retail investors was observed in the upper ¥157s, while dollar-yen remained capped amid repatriation flows and expectations regarding the Bank of Japan. The report outlines the day's price action and key FX order-flow information.
Dollar-yen reached a high during Asian trading today before being capped on the upside. It rose slightly above the previous day's high of ¥158.548 to ¥158.603, but subsequently fell back to ¥158.028 as yen buying on repatriation flows came into focus. The backdrop included a decline in the US 10-year Treasury yield and reports that the Bank of Japan might raise its inflation outlook for fiscal 2027 at this month's meeting.
Current FX order-flow information shows selling on the upside at ¥158.300, ¥158.450, ¥158.500 and ¥158.550, while bids are waiting on the downside at ¥157.600, ¥157.700, ¥157.800, ¥157.850, ¥157.900 and ¥158.000.