12/23 Tokyo Dollar-Yen exchange rate trading points
＜12/22 USD/JPY Market Result＞
Tokyo range: 113.99=114.20, NY range: 114.07=37
Yesterday's forecast was,
"In NY, as per this week's analysis, the upside up to the 'expected upper zone' 113.95=114.40 was realized. Today, breaking above this zone is unlikely, and the downside is expected to lead with support at the 'lower limit zone' 113.95=114.05, outlining the following two scenarios.
(1) The downside attempt within the 'lower limit zone' 113.95=114.05 continues and the market stays in a small range.
(2) Supported at the 'lower limit zone' 113.95=114.05, the market develops a move to test the 'upper zone' 114.35=45. 70% of this ideal development is expected.
Result:Tokyo followed pattern (1) precisely. NY followed pattern (2) precisely.。
＜12/23 Tokyo USD/JPY Market＞ (as of 8:20)
Tokyo open is expected to see a rebound up to the 'divergence zone' 114.10=20 as anticipated.80% of scenarios develop with the 'divergence zone' 114.10=20 as the lower boundI think.
(1) An rise aiming for the 'upper zone' 114.30=40 with the 'divergence zone' 114.10=20 as the lower bound, but a break above is not possible. Expected range: 114.10=35
(2) Ranging around the 'divergence zone' 114.10=20 centered, expected range: 114.10=20
＜12/23 Tokyo Analysis Diagram＞
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