1/25 Tokyo USD/JPY exchange rate trading points
＜1/24 USD/JPY Results＞
Tokyo range: 113.72=98, NY range: 113.66=00
1/24 Tokyo: “Investors expect a break below the “branch zone” 113.35=95, but the session closed with a small movement in the “branch zone,” upper point zone 113.75=95 unfold. NY was nearly the same.
＜1/25 Tokyo USD/JPY Outlook＞ (as of 8:20)
Yesterday's market could not break above the “branch zone,” and the bottom-point moved up to the “bottom zone” 113.65=95.
Normally, one would also watch for a break below that “bottom zone,” but this time that worry does not exist.
Tokyo’s key point is whether it can close at least in the “important zone” 114.00=15and we believe its outcome will strongly influence whether the next move on 1/26 NY FOMC pushes the rate into the 115 yen area.
If,today 1/25 Tokyo reaches the “upper limit zone” 114.20=55, we anticipate the start of a dollar rally above 115 yento be decided.
From this, we are closely watching Tokyo’s outcome today.
＜1/25 Tokyo Analysis Diagram＞
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