1/5 Tokyo-dollar/yen exchange rate trading points

＜1/4 USD/JPY results＞

Tokyo range: 115.68=82, NY range: 115.96=116.34

The 1/4 USD/JPY rose as expected from Tokyo to European time, turning into a pleasantly surprising market beyond expectations. Interestingly, investing started off easy and enjoyable since the beginning of the year.

Yesterday's forecast was,

“This week’s key point is whether we can break through the ‘consolidation zone’ 115.20=40.”

From European time at 15:00, there is a high possibility of further rise, but until then there will be small movements within the ‘consolidation zone’ 115.20=40.

　If the rise to the upper zone of 115.55=75 is realized,we would regard this week as having an 80% upper limit and aim for the expected upper zone of 115.80=95as achievable.

＜1/5 Tokyo USD/JPY market＞ (as of 8:20)

From the first day, the anticipated rise and target for this week were realized.

Moreover, I had expected there to be little chance of reaching the 116 yen range this week, but it turned into a welcome miscalculation in terms of investment.

As a result, this week, on 1/7, there is a possibility of extending down to the lower edge of the “absolute upper limit zone” 116.80=117.35.

However, today 1/5 Tokyo, could not break through the “peak zone” 116.25=40, and is expected to move mainly within the maximum “lower zone” 115.80=116.00.

(1) The “test of the peak” occurs but cannot break through and remains range-bound in the high price area.

Nevertheless,there is a re-acceleration to rise toward 116.80 from European time after 15:00.

(2) There is no “test of the peak,” and a mid-range consolidation in a blank zone 116.00=25 with the lower limit of 115.80=116.00, but from Europe the rise starts.