1/19 Tokyo Dollar/Yen Exchange Rate Trading Points
＜January 18 Dollar/Yen Results＞
Tokyo Range: 114.45=115.05, NY Range: 114.46=72
January 18 Tokyo market achieved the anticipated upside trend.
Key development point is whether the weekly point of 114.70-75 can be broken upward, which would allow an investment pattern (1).
（1）If the “weekly point” 114.70-75 is broken upward, this week will confirm a dollar-buying rally aiming for the “weekly point zone” 115.80=90.』
However, in NY, although results exceeded expectations and the 115 yen level was reached, the daily point at 115.05-10 created a firm ceiling and the market reversed. From Europe, declines continued, and NY, conversely, traded sideways with the 114.70-75 weekly point as the high, centered around the resistance band 114.55=65.
＜Key Points for January 19 Tokyo Dollar/Yen＞（as of 8:20）
In Tokyo, due to overseas declines, the “split zone on the weekly report” has fallen to the upper edge of 114.20=50. Tokyo is viewed as Pattern (2).
This level will be divided by the “split zone” 114.40=75, and whether the zone serves as a bottom and a renewed breakout upward resumes will be today’s point.
（1）If the “split zone” 114.40=75 is broken upward again, a flow aiming for the 115 yen range from tomorrow onward will resume
（2）A corrective market, ending with consolidation in the “split zone” 114.40=75
（3）If the lower limit zone 114.20=30 is breached downward and a bottoming process to resume the rise begins tomorrow
