11/22 Tokyo dollar-yen market key points
＜11/22 Tokyo USD/JPY Market＞
The key in Tokyo is whether the market can break above the “branching zone” and move away from the bottom zone of 113.95=114.15 as the base.
There are two possible development patterns.
(1) Break above the “branching zone” 113.95=114.15 first, aiming for the maximum “upper limit zone” 114.45=60.
(2) Maintain the “branching zone” 113.95=114.15, but no rise occurs and the market ends with the “branching zone” consolidation.
In terms of expectations and the direction this week, we are hopeful for pattern (1).
＜11/22 Tokyo Analysis Diagram＞
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