1/28 Tokyo Dollar-Yen exchange rate trading points
＜1/27 USD/JPY Results＞
Tokyo range: 114.47=79, NY range: 115.16=49
Based on Tokyo and NY results, everything matched the analysis.
With this, from the large-dollar-down market that had continued since 2015 turning into a large-dollar-buying market, the checkpoint twice has been cleared, making the 120 yen level seem within reach.
Detailed analyses of this area were verified weekly in our weekly reports until last October, so some of you may have seen them.
I would like to post more details in a separate article.
Yesterday's Tokyo forecast matched Pattern (1), and NY exceeded the expected upside by breaking through the “ceiling point zone” 114.95=115.05.
“1/27 Tokyo must be able to break above the resistance band (1) 114.75=85, which is very important.
However, even if Tokyo breaks above, it will face a wall at the next “ceiling point zone” 114.95=115.05, so the upside is limited to that extent.
(1) Wall at “Resistance Band (1) 114.75=85” causing sideways movement.
Maximum expected range: 114.55=85’
＜1/28 Tokyo USD/JPY Points＞ (as of 8:20)
Today 1/28 Tokyo is,depending on the closing level, not only the US/European movement but also the speed toward reaching the 120 yen level can be estimated.We think so.
（1）If Tokyo closes above the “upper band” 115.65=95, the 120 yen level can be realized within February
（2）If Tokyo closes above in a consolidation around the “divergence zone” 115.15=35, and NY cannot close above the “upper band” 115.65=95, realization will be from March onward
（3）It is unlikely, but if it falls to the “lower band” 114.75=05 and closes above, February will be a sideways correction market, and even if there is an upside in February, the maximum will be up to the 116 yen range, and any rise beyond 117 yen would be as early as after March
＜1/28 Tokyo USD/JPY Analysis Diagram＞
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