USD/JPY faced resistance during today’s Asian session, with stop-buy orders observed around ¥153 and the pair falling to ¥153.251 before rebounding to ¥153.837.
USD/JPY remained under pressure during today’s Asian session, falling to ¥153.251. The pair then rebounded to ¥153.837 after the Tokyo fixing window, but selling prevailed near the rebound highs, sending it lower again to ¥152.935.
Current order flows show a concentration of stop-buy orders above current levels, around ¥153.450. Meanwhile, there are few notable orders near current levels, and retail investors appear to be shifting to market orders amid the swings.
Market conditions are being monitored through FX order information, with apps including GFX being used to check the data. Developments in the market could affect trading activity going forward.
This article is based on information from 外為どっとコム and summarises key points concerning USD/JPY movements and order flows. Attention will focus on future price movements and updates to the order information.