2/8 Tokyo Dollar-Yen Exchange Rate Trading Points
＜2/7 Tokyo USDJPY Results＞
Tokyo range: 115.14=37, New York range: 114.93=115.17
Tokyo is watching whether it ends inside the “divergence zone” 115.00=20 above, or ends by breaking below at the end; at the same time, this week’s key point is when the dollar-selling trend will begin.
Tokyo followed almost the development pattern (2).
『（2）End with middling little movement; expected range: 115.20=40』
NY followed development pattern (3).
『（3）“Divergence Zone” 115.00=20 break-out first.）''
＜2/8 Tokyo USDJPY Development＞ (as of 8:20)
Tokyo is, "confirmed shift to a dollar-selling-into-market phase, in my view.
The development is based on three patterns, using the “divergence point” 115.05-10 as the reference.
（1）Break above the “divergence point” 115.05-10 leading to an upper target around the “ceiling point” 115.35-40. Target range: 115.05=40
（2）Break below the “divergence point” 115.05-10, ending with a little movement in the “resistance band” 114.85=00. Target range: 114.85=115.10
（3）Break below the “divergence point” 115.05-10, reaching the lower bound target of 114.60-65. Target range: 114.60=115.10
＜2/8 Tokyo USDJPY Analytical Diagram＞
× ![]()
