11/30 Tokyo USDJPY exchange rate trading points
＜11/29 USD/JPY Results＞
Tokyo range: 112.99=113.88, NY range: 113.55=113.96
Yesterday in Tokyo it stated, “From the lower bound of the ‘bottom zone’ 113.00=45 that we expect in the weekly report, whether a rebound flow can form, and if the weekly point 114.10-15 is broken to the upside, this week’s trend would be to aim for the 115 yen range.”
As a result, Tokyo, as expected, tried to break higher but hit a wall and fell steeply to the “bottom zone” 113.00=45.Low of 112.99 was exactly supported and rebounded. Ending at around 113.60 level.
NY extended to a high of 113.96, then reversed and remained within a range, closing at a low of 113.55.
＜11/30 Tokyo USD/JPY＞ (as of 8:30)
Tokyo will attempt a re-challenge to realize the flow of pressure from yesterday’s failed “bottom zone”to break above the “consolidation zone” 113.45=80and achieve
If,as expected, it breaks higher, Tokyo would see an upside extension to the “weekly point zone” 114.10=25.This would be realized.
＜11/30 Tokyo Analysis Diagram＞
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