12/2 Tokyo USD/JPY market key points
＜12/1 USD/JPY Results＞
Tokyo Range: 113.10=63, NYC Range: 112.68=113.25
The Tokyo view is that “today in Tokyo the market sentiment has certainly shifted to a dollar-down trend.”
Tokyo is in a situation near the “bottom zone” 112.65=75 and the “upper limit zone” 113.85=114.00, with development expected mainly in the 112.65=114.00 zone at most. 70% of the time it’s regarded as a “split point zone” 112.90=113.35 with minor movement.
As a result, Tokyo’s forecast was correct only in the shift to a dollar-down trend.
Therefore, NYC fell sharply, and the expected lower bound of 112.65-70test of the bottom was realized and hit exactly at the lower bound 112.68.
＜12/2 Tokyo USD/JPY Market＞ (8:00)
Yesterday Tokyo shifted to a “dollar-down trend,” and NYC fell to the “bottom-zone” 112.65=70.
Therefore, Tokyo is“bottom-zone” 112.50=70 as the lower bound, and whether a buying-back flow will form is the key point.
In reality, the first resistance band at 113.10=25 acts as a wall, and with a Pattern (1) buy-first scenario, it becomes a wall and leads to a small-movement development.
There is no expected Pattern (2) buy-back development from a bottom-bound test.
＜12/2 Tokyo USD/JPY Analysis Diagram＞
× ![]()
