From the sudden rise since last week, you can't see it! Now in the daily range
Is it an election market? The dollar/yen jumped sharply last week.
Of course it's important to consider what happens from here, but it's also important to grasp the current situation.
If you use the 155.0 yen support line formed in December last year and January this year as a reference for trading, you might be able to trade safely even in the same yen depreciation environment.
The high is above 157.5 yen.
Japanese elections tend to lead to a weaker yen, so you may want to long immediately, but it might be good to hold steady here and wait for a timing when the risk-reward improves.
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