Dollar/Yen, each market, time axis verification

In trading, Tokyo Fixings and the London Fix are often noted, but

it seems that other important time axes are not as widely considered.

Therefore, this time I will review a chart for only two weeks.

↓USD/JPY 1-hour chart, each market, time frame

■ Tokyo Spot Rate (9:55)

※ A bearish candle marks the closing price, a bullish candle marks the high

The rate used as a benchmark by banks and other financial institutions for buying and selling foreign currencies

To supplement real demand for dollars, a high dollar demand tends to push the dollar higher.

There is particularly strong demand on the Go-To dates, but

End of month on the 25th and 30th tends to see yen buying from exporters.

■ London 8:00 Fixing (17:00)

※ Draw a line at the closing price of 16:00

The fixed price for the yen, the dollar, the euro, and other futures for that day is determined,

and moves significantly based on the expectations of market participants.

To be used by Japanese mutual funds (investment trusts),

cross-yen pairs tend to show relatively large moves

■ ECB Fixing (22:15)

※ Draw a line at the opening price of 22:00

ECB euro reference rate

The time when euro values are set

and, for the same reasons as the yen fixings, tends to move easily

resulting in a volatile time frame

where trends are prone to change.

■ London 16:00 Fixing (1:00)

※ Draw a line at the closing price of 0:00

Determines the gold spot price

Gold is a purely futures trade with little relation to supply and demand,

so investors' expectations are more strongly reflected in this financial instrument.

The price of gold is also influenced by exchange rates.

Trends formed at the ECB fixings can be reversed by the London 16:00 Fixing.

London's stock market also closes at 1:00.

■ NY market close (6:00)

※ Vertical line

Before closing, positions are often adjusted

Even when checking the next two weeks

London 8:00 Fixing,ECB Fixing,London 16:00 Fixing

During these time frames, the rate moves greatly due to trend changes, so be careful.

In particularECB Fixing can cause a trend to reverse,

London 16:00 Fixing may reverse it again, so caution is required.

Other times, when a daily downtrend is occurring,

the Tokyo spot rate tends to come in higher than other fixing times.

Euro and pound, of course, are affected by the above as well.

In particular, the poundECB Fixing andLondon 16:00 Fixing tend to cause trend changes, so monitor closely.

Since this is just opening a dedicated chart to verify time frames and draw lines,

daily verification should be easy. Why not give it a try once (。´・ω・)?