USD/JPY traded under pressure during Asian hours today, rising to ¥160.204 in the early morning before falling to ¥159.541. Individual investors see current levels as still insufficient for dip buying.
USD/JPY briefly rose to a high of ¥160.204 during Asian hours today, after which corrective trading prevailed and the pair fell to ¥159.541. Trading has centered around current levels, with the topside seen as heavy.
As current upside reference points, sell orders have been observed at ¥159.750, ¥159.950 and ¥160.050. On the downside, buy orders are waiting at ¥159.300 and ¥159.500, while stop-loss sell orders have also been observed at ¥159.500.
The market is examining the outlook through FX order information provided by 外為どっとコム and GFX chart images. Data from 外為どっとコム is introduced in the article as the source.
The article describes views on the levels at which individual investors would buy on dips and organizes the order levels that may serve as reference points for assessing the future direction of USD/JPY.