According to the foreign-exchange order information released today, buying in USD/JPY is accumulating from the mid- to upper-¥157s, while sell orders around the ¥158 level have been observed on the upside.
In Asian trading today, USD/JPY remained under pressure on the upside, falling from ¥158.520 to ¥157.969 as the market awaited moves in long-term U.S. Treasury yields. The market was waiting for fresh catalysts, and short-term price movements were limited. Compared with its movements so far, the market continued to wait for the announcement of a major specific catalyst.
Current USD/JPY order information shows sell orders above current levels at ¥158.200, ¥158.300, ¥158.350, ¥158.400 and ¥158.450. On the downside, buy orders are beginning to accumulate at ¥157.500, ¥157.700, ¥157.800, ¥157.850 and ¥157.900. The levels at each price point can be checked using information from Gaika Next Neo and are regarded as key points for future price movements.
The information was provided by Gaika dot com, and the article is based on the company’s daily FX report and today’s order information. The foreign-exchange order information is positioned as a tool for checking traders’ limit and stop orders and is used as a reference for identifying potential trading opportunities.