Today, USD/JPY briefly broke above the previous day's high and extended its gains. It reached the ¥155 range shortly after 17:00, while a concentration of stop-loss sell orders was observed around ¥154.750 on the downside.
In today's USD/JPY market, trading remained firm during Asian hours, with USD/JPY rising after briefly breaking above the previous day's high amid the 10-year U.S. Treasury yield moving into the 5% range and higher oil prices. The pair advanced further in the afternoon, with moves into the ¥155 range standing out throughout the session. Against the backdrop of the FOMC and movements in long-term U.S. interest rates, the market was closely watching the yen's direction.
In terms of orders during local hours, no large orders were observed above the current level, while a concentration of stop-loss sell orders was reported around the downside level of ¥154.750. The FX Order Information chart also provides information on the trading volume represented by each interval and how to use the smartphone app, presenting these as potential pointers for future trading.
Regarding Finance Minister Katayama's (片山) remarks, it was reported that the office responsible for reviewing special tax measures and subsidies under Japan's version of DOGE would pursue spending cuts “thoroughly and extensively,” although the direct impact on the yen market was limited. Overall, today's USD/JPY trading reflected a combination of factors, including the pair's movement near its highs and the observed concentration of stop-loss selling on the downside.