There’s nothing significant on the chart for today, but given how USD/JPY is moving, it’s worth noting the lack of meaningful expiries around current spot levels.
This may also be helping to exacerbate the big moves as the price hits the 125.00 level today. And there’s not much for traders to really “hold on” to in the midst of the price action right now.
The level of the numbers is helping to limit gains as mentioned earlier, acting as a natural resistance with profit taking activity also underway. But with bond yields holding steady, it’s hard to turn the other cheek just yet.
For more information on the use of this data, you can refer to this article here.