1/31 Tokyo USD/JPY market trading points
＜1/28 USD/JPY Results＞
Tokyo Range: 115.33=67, NY Range: 115.13=57
The results for 1/28 USD/JPY were very important, and they surpassed expectations. The initial forecast stated, “Today, 1/28 in Tokyo, depending on the closing level, not only the development in Europe and the US but also the speed to reach the 120 yen area can be estimated,” and the realization of Pattern (1). “（1) If Tokyo breaks through the ‘upper zone’ at 115.65=95, the 120 yen area will be realized in February）”
＜1/31 Tokyo USD/JPY Market Points＞（as of 8:20）
Regarding the results of 1/28 USD/JPY, it seems that the trend aiming for 122 yen has been decided.
For details, please check the weekly report created yesterday, which includes diagrams, and confirm in the weekly report to be released this weekend.
However, since NY on 1/28 fell back and closed above @115.25, a re-check at Tokyo’s open level on today 1/31 has become necessary.
There are two checkpoints.
（A) Whether the Tokyo open at 9:00 will be above the weekly point 115.30-35
（B) Whether Tokyo on 1/31 can close above the minimum “split zone” of 115.30=45
I will refrain from further explanation for now, but I will provide a supplement based on this result tomorrow.
However, if today’s Tokyo develops and closes below the “split zone” 115.30=45, the trend toward 122 yen remains, but the likelihood of realization within February will be 50% or less.
＜1/31 Tokyo USD/JPY Analysis Diagram＞
× ![]()
