USD/JPY held firm during today's Asian session, rising into the ¥159 range. Individual investors avoided chasing highs and prioritized taking profits on their existing positions.
USD/JPY held firm during today's Asian session, with buying of the dollar prevailing as investors bought back the currency following its recent decline. USD/JPY rose to ¥159.456. Meanwhile, U.S. interest rates and crude oil prices stalled, and other markets did not move in tandem.
Above current levels, sell orders were observed at ¥159.450, ¥159.500, ¥159.550, ¥159.600, ¥159.650, ¥159.700, ¥159.800 and ¥159.900. On the downside, buy orders are waiting at ¥159.000. Rather than adding to long positions by chasing highs, individual investors are prioritizing profit-taking on positions held on the downside.
Market participants are looking for key points ahead through updates to the FX order information provided by 外為どっとコム. The convenience of checking the information using the GFX smartphone app is also highlighted.