Market Overview for Dai/Yen (DAIJPY) on 2025-10-08

• DAIJPY rose 0.79% over the past 24 hours with a breakout above 152.00.
• Volume spiked significantly above average, especially during the 02:00–05:00 ET window.
• RSI crossed into overbought territory near 70, suggesting short-term momentum may ease.
• Bollinger Bands widened following a consolidation period, indicating increased volatility.
• A bullish engulfing pattern emerged at 151.12–151.40, supporting a near-term upward bias.

The Dai/Yen (DAIJPY) pair opened at 151.21 on 2025-10-07 12:00 ET and closed at 152.94 on 2025-10-08 12:00 ET, with a high of 153.20 and a low of 151.12. Total volume across the 24-hour period reached 135,302.647 units, and notional turnover was approximately 20,616,322.18 JPY. The pair has shown a clear bullish bias, supported by strong volume and momentum divergence.

The 15-minute chart revealed a bullish engulfing pattern starting at 151.12, followed by a strong upward breakout that saw the price rise over 1.0% in the following 5 hours. This breakout was accompanied by a sharp increase in volume, especially around 02:00–05:00 ET, when large bullish candles and a significant increase in turnover signaled strong buying pressure. On the 20-period and 50-period moving averages, the price has remained above both for the past 8 hours, suggesting a continuation of the bullish trend. The 50-period MA is currently at 152.65, indicating a possible support level in the near term.

The RSI reached 69.5 during the morning hours, entering overbought territory and hinting at a potential pullback or consolidation phase. However, the MACD (12,26,9) has remained in positive territory and is trending upward, confirming that momentum remains on the long side. Bollinger Bands have widened in the last 10 hours, reflecting increased volatility after a period of consolidation. The price is currently sitting near the upper band, suggesting the move is in an early extension phase rather than overextended.

Fibonacci retracements applied to the recent 15-minute swing (151.12–153.20) show key levels at 152.33 (38.2%) and 151.71 (61.8%). These levels may act as dynamic support/resistance in the near term. The 152.12–152.21 zone is a critical area of potential consolidation or reversal should the trend begin to lose steam.