2/10 Tokyo USD/JPY market trading points
＜2/9 USD/JPY results＞
Tokyo range: 115.32=59, NY range: 115.38=56
Both Tokyo and NY showed almost the same range with a side-by-side (flat) pattern.
This is because the “expected upper limit zone” 115.60=80, which is the upper bound for this week’s targets in the weekly report, has become a strong resistance as analyzed.
＜2/10 Tokyo USD/JPY outlook＞（as of 8:20）
Today in Tokyo, we expect the same situation as yesterday, and it’s a matter of whether it will act as a wall at the “expected upper limit zone” 115.60=80 and fall, or end with small moves in the high range.
There are three possible scenarios.
（1）The “peak zone” 115.60=70 acts as a wall and it ends with sideways movement in the high range.
Assumed range: 115.40=70
（2）It will not become a solid upside breakout, ending with modest, half-hearted moves
Assumed range: 115.40=60
（3）The “peak zone” 115.60=70 is pursued firmly but becomes a wall and falls
Assumed range: 115.05=65
＜2/10 Tokyo USD/JPY analysis diagram＞
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