12/7 Tokyo Dollar/Yen Exchange Rate Key Points
＜Result of 12/6 USD/JPY＞
Tokyo range: 112.85=113.19, New York range: 113.09=55
On 12/6 Tokyo, the key point is the “consolidation zone” 112.95=113.25. Forecast pattern (2) “consolidation zone” 112.95=113.25 cannot be broken in either direction, and if it ends in an in-between zone, the development from tomorrow onward will be in the broken zone,” and
the initial drop at open paused at around @112.85 just before the breakout, showing an in-between small movement.
However, in New York, it broke above the consolidation zone and rose to a high of 113.55.
＜12/7 Tokyo USD/JPY Market＞(as of 8:20)
After Tokyo close, the breakout above the “consolidation zone” from the weekly report’s branching zone was realized, and thus,the flow of buyers aiming for the 114 yen level was decided for this week.
However, in Tokyo on 12/7, at most the upper limit zone of 113.75=114.10, and in reality the best would be the lower end zone 113.75=85.
First, the initialovercoming resistance band (3) 113.55–60 is the keyto determine.
＜12/7 Tokyo USD/JPY Analysis Diagram＞
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