Market Overview for Dai/Yen (DAIJPY) – November 7, 2025

Summary
• DAIJPY opened at 153.36, peaked at 154.01, and closed at 153.79 on strong volume.
• A key breakout above 153.47 was confirmed with bullish engulfing and strong follow-through.
• Volatility expanded in the last 5 hours, with a 0.59 Yen range and above-average turnover.

Dai/Yen (DAIJPY) traded between 153.36 and 154.01 over the past 24 hours, opening at 153.36 on November 6, 2025 (12:00 ET – 1) and closing at 153.79 on November 7, 2025 (12:00 ET). Total volume for the period reached 12,289.79 units, and notional turnover stood at 1,907,861.08 Yen, reflecting heightened interest during late-night and early-morning trading.

Structure & Formations

Price action displayed a bullish breakout from a tight consolidation range between 153.35 and 153.47, supported by a bearish decline into 153.27 followed by a strong reversal into 153.79. A series of bullish engulfing patterns formed between 00:15 ET and 05:15 ET, with key support confirmed at 153.35 and resistance at 153.47. A doji formed near 153.43, indicating indecision, followed by a decisive move higher, suggesting a potential continuation of the bullish phase.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed above the 153.40 level during the breakout phase, confirming a short-term bullish trend. The 50-period moving average acted as dynamic support during the consolidation phase before being absorbed into the upward move. On the daily chart, price remained above all major moving averages, including 50, 100, and 200, signaling a robust and sustained bullish momentum.

MACD & RSI

The MACD (12,26,9) turned positive mid-session, with a widening histogram from 00:00 ET onward, reflecting increasing bullish momentum. RSI crossed above 50 at 00:30 ET and remained in overbought territory for much of the day, peaking at 72, signaling strong accumulation. While overbought conditions may trigger a short-term pullback, the lack of divergence between RSI and price suggests the bullish trend remains intact.

Bollinger Bands

Bollinger Bands tightened around 153.40–153.43 in the late evening hours before expanding significantly following the breakout. Price moved well above the upper band during the final 2 hours of trading, indicating elevated volatility and a strong short-term bullish bias. The current price of 153.79 is comfortably above the upper band, suggesting that the move has room to continue but may trigger a profit-taking correction soon.

Volume & Turnover

Volume spiked sharply after 00:00 ET, with the 15-minute candle at 00:15 ET registering 12,214.265 units — the largest volume bar of the session. Turnover surged in tandem, reflecting strong liquidity and conviction in the bullish move. Notable volume spikes were also observed at 01:30 ET and 05:15 ET, where price made significant upward moves. Price and turnover remain in strong alignment, reinforcing the credibility of the bullish breakout.

Fibonacci Retracements

Applying Fibonacci levels to the key swing low at 153.27 and swing high at 153.47, the 38.2% level at 153.37 and 61.8% at 153.42 were tested and broken. A retest of the 61.8% level occurred before the price surged past 153.53. On the daily chart, the 38.2% retracement of the prior week’s range at 153.66 is currently acting as minor resistance. A close above this level could indicate the next leg of the trend.

Backtest Hypothesis

Given the presence of multiple bullish engulfing patterns throughout the session — particularly in the early hours — a backtest could validate the effectiveness of using these patterns as entry triggers. While the current back-testing engine is limited to daily data, a practical workaround is to simulate a 15-minute hold by entering at the open following a confirmed engulfing pattern and exiting at the close of the same day. This approach would allow testing of the pattern’s efficacy within the constraints of daily data. If successful, it could reinforce the use of short-term bullish patterns for intraday strategies on DAIJPY.