1/6 Tokyo dollar-yen exchange rate trading points
＜1/5 USD/JPY Results＞
Tokyo range: 115.91-116.24, New York range: 115.68-116.18
Yesterday in Tokyo, after the open, the price attempted to test the “ceiling point” around 116.25-30. It formed a barrier here and declined to the weekly lower point of 115.90-95 before closing.
In Tokyo, the forecast that “today 1/5 Tokyo would not break above the ceiling zone of 116.25=40, and would move within the maximum lower zone of 115.80-116.00” was correct in terms of range.
However, the European drop to the resistance zone down to 115.65-95 was unexpected, causing the overseas development to deviate.
＜1/6 Tokyo USDJPY Outlook＞ (as of 8:20)
The key point for Tokyo is whether it can break above the “branch zone” 116.00=30.
(1) Break above the “branch zone” 116.00=30, achieving the upside test of the “ceiling point” 116.55-60. A development to look forward to from an investment perspective, especially during European time.
(2) No downside test of the “lower limit zone” 115.75=95, with little movement in the “branch zone” 116.00=30.
＜1/6 Tokyo USDJPY Analytical Diagram＞
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