Will concerns from the United States subside as Trump approval rating rises to ride out year-end markets!
The USD/JPY market in November closed in a way that avoided breaking below the 200-day moving average toward the end.
After rebounding from the ¥107 to ¥114 range, it was pushed down again
but with the half-way retracement the downside pressure subsided for the time being and the uptrend resumed as we entered year-end market conditions.
At this stage, it is hovering above the 200-day moving average, and it will be important to watch whether it can sustain the year-end market.
This year's year-end market is focused on factors such as the "Tax Reform Bill," the "Russia probe resurfacing," and the "North Korea issue,"
all of which involve the United States and even feature President Trump.
Amidst this, President Trump's approval rating has risen after hitting a record low of 33%.
Just before completing his Asian visit, it jumped to 46%, and it remains stable after his return,
so if concerns about these U.S. factors recede, the U.S. dollar market is likely to transition more resiliently.
Current USD/JPY market
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Finally, regarding this year-end market, unless there is a major material event for the year,
market participants tend to take time off, leading to a drastic decrease in activity. However, since the market remains open without breaks,
in a sparse environment, rates will fly around, which is typical every year, so please understand this fully
before engaging in year-end trading.
"Market Compass" previous article
★ If adjustments occur during Thanksgiving in the U.S., will the 200-day line come back into focus and attempt higher levels?
★Take a long-term view! accumulate profits with short-term signs! Also introducing techniques that can steadily earn in the short term!
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