1/11 Tokyo USD/JPY market trading points
<1/10 NY dollar-yen results>
NY range: 115.05=46
Yesterday's NY forecast suggested, as in: "for NY investment, first target a pullback sell in the 115.35=50 zone," and although it briefly rebounded to 115.46 before retreating, the first daily point 115.05-10 provided support, resulting in the smallest possible range.
<1/11 Tokyo dollar-yen trading points>
Within last night's NY view, I explained the key points for Tokyo this week's dollar-yen market.
As a result, today's Tokyo market has confirmed a shift to a new market sense of "consolidation."
Thus, the weekly report released on 1/9 (Sun) achieved a perfect score from day one, and its major role was fulfilled on day one.
For Tokyo, the ideal is to participate in sales from the rebound in the top (bottom) point 115.75=95, but I see no possibility for that. I outline the following two patterns.
(1) It does not reach the top test, rebounds to the initial 115.35=50 zone, acts as a wall here and resumes the decline. Investment: selling at the 115.35=50 zone on the rebound.
(2) With dollar selling leading, an ideal "lower bound zone" 114.40=50 targets a selling-driven trend.
<1/11 Tokyo dollar-yen analysis illustration>
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