2/15 Tokyo Dollar-Yen exchange rate trading points
＜Result of 2/14 USD/JPY＞
Tokyo range: 115.29=60, New York range: 115.37=75
On 2/14, Tokyo viewed that “if Tokyo falls below the branch zone of 115.30=40, the market would turn into a ‘dollar-selling trend,’” but it was precisely supported.
As a result, the development pattern was “(2) neither side could break through the resistance band, trading in a step-by-step manner
Expected range: 115.30=70’.
New York, just before the open, rallied back, and the pattern was almost (1) with buying bias, but stalled at the thick “resistance zone” 115.55=95, resulting in small movement. Expected range: 115.40=70
＜2/15 Tokyo USD/JPY Outlook＞(as of 8:20)
Tokyo is still seen as facing a strong resistance band in the “monthly and weekly point zones” 115.60=70, acting as a wall. Even if a decline occurs, there is no downside break of the weekly point 115.30-35.
Therefore,maximum “branch zone” at 115.30=70 with small movementis expected.
(1) Breakout attempt above the “branch zone” 115.30=70 and then sideway movement at the upper range
Estimated range: 115.50=70
(2) Range-bound around the branch zone and then a test of the downside
Estimated range: 115.30=55
＜2/15 Tokyo USD/JPY Analysis Diagram＞
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