12/21 Tokyo Yen-dollar exchange points for buying and selling
＜12/20 Dollar/Yen Market Result＞
Tokyo range: 113.35＝71, New York range: 113.33＝73
Yesterday's forecast seemed to say, “The key point is whether we can break above the ‘branching zone’ 113.40＝70. If we break above, the trend for this week is set to target the 114 handle.”
When the price fell, it could not break below the ‘branching zone’ 113.40＝70, and Tokyo and New York ended up in almost identical ranges.
＜12/21 Tokyo Dollar/Yen Market＞
In Tokyo,the key point is whether it can rise to test the upper range of 113.90＝114.05 from the lower zone of 113.35＝55.That is the plan.
Two scenarios are expected based on the result, but scenario (1) is considered more likely.
（1）Upper-range breakthrough 113.90＝114.05 is realized. Range 113.60＝90
（2）Resistance band 113.65＝75 acts as a wall with little movement. Range 13.50＝75
＜12/21 Tokyo Dollar/Yen Analysis Chart＞
× ![]()
