Yesterday, even though both Japan and the U.S. had holidays, the yen weakened as risk-on sentiment increased, while U.S. long-term interest rates rose. This caused the USD/JPY rate to climb to 149.98 yen. However, it didn’t reach the key 150-yen level and closed slightly lower. There’s a high chance that many sellers, tied to options and other factors, are gathered around the 150-yen mark.
On the other hand, if the price breaks above 150 yen, it could jump significantly due to stop-loss orders. But the market still leans towards selling, and concerns about possible government intervention could push the price back down.
In any case, the 150-yen level is a crucial point to watch.
Expected USD/JPY range: 150.50 yen to 148.80 yen (61.8%)
Please note that this content does not guarantee profits. Make trading decisions based on your own judgment.