12/10 Tokyo dollar/yen exchange rate trading points
＜Results of 12/9 USD/JPY＞
Tokyo range: 113.47=82, NY range: 113.33=65
12/9 Tokyo was “little movement. The key point is whether the upside attempt within the upper zone including the ceiling point 113.85-90, i.e., 113.85=114.00, can be realized; the decline is supported by the resistance band (3) 113.50=60, resulting in small-range, subdued movement.”
As analyzed, Tokyo is supported by resistance band (3) and faced a wall at the upper limit.
＜12/10 Tokyo USD/JPY Market＞ (as of 8:30)
Tokyo is expected to show little movement again today.
Basically in the “consolidation zone” 113.30=60 with a small range, whether there will be an upside attempt at the ceiling point 113.65-70. If it declines, there could be a test down to the monthly point 113.20-25.
＜12/10 USD/JPY Analysis Diagram＞
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