12/24 Tokyo USD/JPY market trading points
＜12/23 USD/JPY market results＞
Tokyo range: 114.11=29, NY range: 114.25=46
Yesterday in Tokyo,
“Tokyo retraced to the expected ‘branch zone’ 114.10=20, and about 80% of the ‘branch zone’ 114.10=20 formed as the lower bound.”
（1）An upward move aiming for the upper zone 114.30=40 with the lower bound of the “branch zone” at 114.10=20. However, a break above is not possible. Expected range: 114.10=35
（2）Stagnation around the center of the “branch zone” 114.10=20. Expected range: 114.10=20』
The result was largely pattern (2) for Tokyo, but finished with a strong close above the high near the close.
Thanks to this, it led to continued strength in NY, and the ideal investment scenario (1) was realized.
＜12/24 Tokyo USD/JPY market＞（as of 8:20）
Merry Christmas!
In Tokyo, the key point is whether it can break above the “ceiling point” 114.40=45 in NY. This is the key.
Today markets abroad are closed, and FX brokers themselves close shop from Tokyo afternoon, so after the fixing of the spot rate the market is thin.
In the morning, investors strongly expect a breakout. Participation at the breakout is essential. Initial profit-taking target is the weekly point 114.70-75
If a breakout occurs in Tokyo or NY, next week a move in the 115 yen range could be realized.
（1）Unable to completely break through the ceiling point 114.40-45 and it declines.
Develop around the maximum 114.05=50 zone
（2）Break above the ceiling point 114.40-45 and move toward the weekly point.
Develop around the maximum 114.40=75 zone
＜12/24 Tokyo Analysis chart＞
