11/15 Tokyo dollar-yen exchange_rate buy/sell points
＜Result of the 11/12 USD/JPY＞
Tokyo range: 114.03=30, New York range: 113.77=114.02
Forecast for Tokyo on 11/12: “Unable to break above the weekly point 114.15-20; it will unfold in a ‘consolidation zone’ 113.75=114.20. In particular, the small movements in the 113.95=114.20 zone above are decisive.”
and so on.
Tokyo’s result was a near-break with a one-touch break just barely safe. Meanwhile New York exceeded by 5 pips, supported at the bottom point 113.80-85 to end the week higher. However, it did not become a ‘rebound from the bottom.’
As a result, neither market hit perfectly, but both were just decent.
＜11/15 Tokyo USD/JPY＞
In Tokyo, attention is on whether the down-move “rebound from the bottom” that failed to realize in NYC on 11/12 can form a trend.
Even if it remains somewhat reboundy, Tokyo’s upside is up to the weekly high point 114.15-20, but it is important to see whether it can rise to the 114 yen level without ending in the bottom-range consolidation, as this will be crucial for this week’s trend.
Forecast Tokyo range: 113.95=114.15
＜11/15 Tokyo Analysis Diagram＞
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