Market Overview for Sei/Yen (SEIJPY): January 6, 2026

Summary
• Price surged from 19.55 to 21.29 before consolidating near 20.93 at 12:00 ET.
• Strong bullish momentum visible with RSI nearing overbought territory.
• Volatility expanded significantly with Bollinger Bands widening through the session.
• Turnover spiked to $1,202,038.79 during peak hours, aligning with price highs.
• A potential bearish reversal pattern emerged around 21.0–21.07, suggesting caution.

Sei/Yen (SEIJPY) opened at 19.55 on January 5 at 12:00 ET, touched a high of 21.29, and closed at 20.93 as of 12:00 ET January 6. Total volume reached 571,680, with a notional turnover of $1,202,038.79.

Structure & Formations

The 24-hour chart displayed a powerful bullish impulse phase between 05:00 and 07:00 ET, with a high of 21.07 followed by a potential bearish engulfing pattern near 21.0–21.07. Key support levels appear at 20.85, 20.73, and 20.55, while resistance holds at 21.0, 21.14, and 21.29. A doji formed near 20.93–20.99, indicating indecision and a potential pause in momentum.

Moving Averages

On the 5-minute chart, the 20-period moving average crossed above the 50-period line (golden cross) during the 04:30–05:00 ET window, confirming a strong bullish bias. For the daily chart, the 50-period MA appears to lag behind the 200-period MA, suggesting a possible continuation of the upward trend.

Momentum Indicators

The 5-minute RSI reached 76 during the 07:00–07:15 ET period, signaling near overbought conditions. MACD showed a strong positive divergence in the morning, but the histogram flattened in the afternoon, hinting at potential exhaustion. The daily RSI remains in constructive territory, above 50.

Volatility and Bollinger Bands

Bollinger Bands experienced a sharp expansion from 04:30 to 07:00 ET, confirming the breakout from earlier consolidation. Price action peaked near the upper band before retracting, and currently rests in the upper half of the bands, suggesting elevated volatility but not extreme.

Volume and Turnover

Turnover spiked significantly during the 07:00–08:00 ET window with a peak of $120k, coinciding with the 21.07 high. This confirms bullish participation, but diverging volume during the 14:45–16:00 ET period suggests reduced conviction in the move lower.

Fibonacci Retracements

Applying Fibonacci to the recent 5-minute swing from 19.55 to 21.29, the 61.8% retracement level at 20.65 appears to have held as a temporary floor. On the daily chart, the 38.2% level at 20.88 has been tested twice and remains critical for near-term direction.

The market appears to be in a phase of consolidation after a powerful bullish wave. A break above 21.14 could re-ignite momentum toward 21.29 and beyond, but a failure to hold 20.85 may trigger a test of 20.55. Investors should remain cautious for a potential reversal or continuation, with a watch on the 20.85–21.0 range for clues.