Dollar-yen remained almost unchanged around ¥158 at the end of last week, with yen strength prevailing in the morning before trading up and down within a range during the day. Today's order book shows heavy buy orders in the mid-¥157s and early ¥159s, while sell orders are concentrated in the late ¥158s and around ¥160. The release of key indicators is ahead as a potential market catalyst.
Dollar-yen closed almost unchanged from the previous day last Friday. Yen strength prevailed in the morning, but the pair moved up and down within a range during the day. The rise in US 10-year Treasury yields may have been a factor. Since the FOMC, the global economy has generally been viewed as developing in line with expectations, while comments by the BOJ governor have reportedly suggested an accommodative monetary policy environment.
Technical analysis for today, 19 October 2026, is focused on the order book. Buy orders were confirmed in the mid-¥157s and heavily in the early ¥159s, while heavy selling was observed in the late ¥158s. There were also many sell orders around ¥160, suggesting that the level is being watched as a key threshold.
An analysis of correlations between dollar-yen and other currency pairs found no pair showing a high correlation with dollar-yen over the past 24 hours. An inverse correlation was seen with euro-dollar, pound-dollar and Australian dollar-US dollar. The results from the correlation-check tool showed the same pattern.
Among the 8 major currencies, the Australian dollar is currently the strongest and the euro the weakest. The yen widened its losses after the evening before stabilizing, while the dollar remains in negative territory. Numerous indicators, including US housing-related data and Japan's trade statistics, are scheduled for release this week.