12/13 Tokyo Dollar-Yen exchange rate trading points
＜12/10 USD/JPY results＞
Tokyo range: 113.34=62, New York range: 113.22=77
On 12/10 Tokyo held a基本は“揉み合いゾーン” 113.30=60 with small movement, and there might be a topside attempt toward 113.65-70. If it falls, there may be an attack down to the monthly point 113.20-25.
Tokyo kept to the basic range of the “sideways zone” at 113.30=60,Perfect score。
NY showed a tendency for topside attempts near the ceiling point, and the downside target was the monthly point 113.20-25, with the maximum expected range and almostPerfect.
＜12/13 Tokyo USD/JPY market＞ (as of 8:15)
In the early hours, a rapid drop to the “lower zone” 113.15=35 occurred during position adjustments, but by Tokyo open at 9:00 we had recovered to the “branch zone” 113.40=55.
Tokyo’s expected development is a breakout above the “branch zone.”
If this is realized, this week is likely to see a buying-led market aiming for the “monthly/weekly point zone” 113.95=114.10, which tends to be weekly highs. So stay tuned.
However, in reality,70% is in a sideways consolidation at the “branch zone” 113.40=55with only a minor breakout above to around the 113.60 level.
＜12/13 Dollar/Yen Analysis Diagram＞
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