1/27 Tokyo USD/JPY exchange rate trading points
<1/26 Dollar-Yen Result>
Tokyo Range: 113.78=98, NY Range: 114.20=69
On 1/26 Tokyo,the pattern of expansion (2) “unable to move before the FOMC” and staying in the small swing in the分岐 zone 113.80=114.00 was perfect.Award.
Another point: regarding “The FOMC results ultimately becoming a dollar-buying factor and aiming for above 115 yen,” it took until NY, but
in NY, “(1) from a market sentiment perspective, the most anticipated “branching zone” 113.80=114.00 breaks out earlier and reaches the “upper zone” 114.20=40 and rises beyond” to 114.69, so achieving the 115 yen range could not be realized, but a momentum for accomplishment from today onward has been decided.
<1/27 Tokyo Dollar-Yen Key Points> (8:20)
On 1/27 Tokyo,it is very important that the resistance band (1) 114.75=85 can be broken upward.
However, even if Tokyo breaks above, the next “ceiling point zone” 114.95=115.05 will act as a wall, and the upside is limited to at most there.
The development is in three scenarios depending on the strength of attacking resistance band (1).
(1) Resistance band (1) 114.75=85 acts as a wall and trades sideways.
Maximum expected range: 114.55=85
(2) Break above resistance band (1) 114.75=85, but then blocked by the “ceiling zone” 114.95=115.05
Maximum expected range: 114.70=115.05
(3) A corrective market that declines to the “lower zone” 114.20=55
Maximum expected range: 114.35=70
<1/27 Tokyo Dollar-Yen Analysis Diagram>
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