Today’s FX order information shows that USD/JPY temporarily fell to ¥158.875 before sell orders emerged in the ¥159 range, with resistance concentrated around ¥159.2–¥159.5. US inflation data and other factors may influence the market’s direction ahead.
USD/JPY edged lower during Asian trading today, falling as far as ¥158.875. The downward momentum then eased, although the pair also faced resistance around the ¥159.10 level. US inflation data and meetings later in the week have been identified as factors to watch.
Current order positioning shows sell orders at various levels between ¥159.200 and ¥159.500, while stop-buy orders have also been confirmed at ¥159.250. On the downside, buy orders are waiting at ¥158.500 and ¥158.800. These levels are regarded as key points for short-term price movements.
The FX order information service provided by 外為どっとコム shows order levels and volumes for USD/JPY. Guidance on using the smartphone app is also provided as a reference for future trading decisions.
The information is provided by 外為どっとコム, and this article is based on the company’s market information. The charts in the article use screen captures from the FX order information service, with each scale increment representing 3 million currency units.