Market Overview for APTJPY on 2025-09-10

• APTJPY surged 6.1% in 24 hours, closing near all-time highs above ¥651.8.
• Strong volume-driven breakouts above ¥650.0 confirmed bullish momentum.
• RSI (14) at 68 suggests overbought conditions, but trend remains intact.
• Bollinger Bands show widening volatility, with price at the upper band.

Aptos/Yen (APTJPY) opened at ¥642.7 at 12:00 ET-1 and closed at ¥658.0 by 12:00 ET today. The pair reached a high of ¥662.0 and a low of ¥642.6, with total volume of 22,997.78 and turnover of ¥14,964,874.00. The 24-hour move reflects strong buying pressure, particularly in the late Asian and early US trading hours.

Structure & Formations

The price formed a bullish breakout pattern above ¥650.0, supported by a large bullish engulfing pattern at the start of the Asian session. A key support level appears to be forming around ¥647.0–648.0, where price paused multiple times during retracements. A bearish doji formed near ¥657.5 in the afternoon, suggesting possible near-term resistance.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA early in the morning, forming a golden cross. Daily averages show the 50-period MA at ¥648.1, 100-period at ¥645.8, and 200-period at ¥643.6 — all now being traded above, confirming a bullish bias.

MACD & RSI

MACD (12,26,9) turned sharply higher, with a bullish histogram divergence suggesting momentum remains strong. RSI (14) hit 68 at the close, entering overbought territory but without signs of divergence — a sign of sustained buying pressure.

Bollinger Bands

Bollinger Bands widened significantly, with price closing near the upper band at ¥657.5, indicating heightened volatility. A pullback to the mid-band at ¥651.5 could offer a short-term consolidation area.

Volume & Turnover

Volume spiked dramatically in the afternoon session, especially between 13:00 and 14:00 ET, with a single candle showing 2,299.78 units traded. Notional turnover also spiked, aligning with price action. No significant divergences between volume and price were observed, suggesting strong conviction in the move higher.

Fibonacci Retracements

Applying Fibonacci to the ¥642.6–662.0 swing, the 61.8% level is at ¥651.8 — near the current support zone. A break below this level could target ¥647.1 (38.2% level), which has held multiple times as a pivot.

Backtest Hypothesis

A potential backtesting strategy for APTJPY might involve entering long on a close above the 20-period MA with RSI above 55 and a bullish engulfing pattern. Stop-loss placement at the nearest Fibonacci support (¥647.1–648.0) could protect against sharp reversals, while take-profit could be set at the upper Bollinger Band or 61.8% Fibonacci extension. This approach would aim to capture momentum-driven breakouts while minimizing exposure to false signals.