11/29 Tokyo USD/JPY key points
<11/29 Tokyo Dollar/Yen Exchange Rate> (as of 8:15)
Today in Tokyo, we expect the“Bottom Price Zone” 113.00=45to form a lower bound and a rebound trend may develop.
If the anticipated development unfolds as expected, the market reversal risk will be small, and if the break above the weekly point of 114.10-15 is realized, this week’s trend points toward aiming for the 115 range.
Ideally, in Tokyo today there will be a full breakout above the “consolidation zone” 113.60=85, but attention is on how far that momentum can unfold.
<11/29 Tokyo Dollar/Yen Analysis Chart>

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