12/14 Tokyo USD/JPY exchange rate trading points
＜12/13 Dollar/Yen Market Result＞
Tokyo Range: 113.45=59, New York Range: 113.37=68
Yesterday's USD/JPY: The expected scenario was a breakout above the “divergence zone.” If realized, this week would target the monthly and weekly point zone at 113.95=114.10, making it a turning point for the week. However, in reality, about 70% of the time it stayed within the “divergence zone” 113.40=55, with only a minor breakout toward the 113.60 level.
The result was: Tokyo moved within a 14 pips range, both in movement and range perfectly aligned. New York also saw a breakout toward the 113.60 level only to a modest extent, as expected, matching the forecasted result.
＜12/14 Tokyo USD/JPY Market＞
Tokyo has decisively shifted to a “consolidation phase” as expected, so this week the flow will aim for the monthly and weekly point zone at 113.95=114.10.
For Tokyo to realize today,it depends on whether it can breakout above the “divergence zone” 113.40=65or not.
(1) About 70% will stay in the small range within the “divergence zone” 113.40=65
(2) Break out above the “divergence zone” aiming for 114 yen
＜12/14 USD/JPY Market Analysis Diagram＞
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