3/2 Dollar-Yen Trading Points as a Side Business
＜3/1 USD/JPY Results＞
Tokyo Range: 115.00=29, NY Range: 114.70=95
Tokyo judged: “Is there an attack toward the bottom point of 114.75-80, or will the buying back flow continue as it is?” As a result, Tokyo nearly matched Scenario (1), and NY matched Scenario (3).
“(1) A consolidation/adjustment phase where the price trades between the lower ‘bottom zone’ 114.75-115.00 and the upper limit zone 115.20-40.”
Expected range: 114.95-115.20
“(3) The bottom zone attempt at the bottom 114.75-115.00 proceeds, but the price is supported and ends mostly flat in the low range.”
Expected range: 114.75-115.10 』
＜3/2 Tokyo USD/JPY Development＞(as of 8:20)
Until the day before yesterday 2/28, due to the Ukraine situation, USD/JPY was in a situation with both declines and rises possible, but it fell to an important bottom zone in terms of market feel.
Therefore today, 3/2 Tokyo results became a critical moment: will it decide on a further drop to the 113 handle, or will it rebound back into the high 115s once and then stop the decline?
What is clear is that if Tokyo’s buyback keeps a resistance around the monthly key point 114.95-00, then as early as after 15:00, or as late as after 17:00 European time, it is expected to drop to black circle A 114.40-45.
(1) The important turning point “monthly point” 114.95-00 attempts to push higher but meets a strong wall,
From the afternoon, it falls to the lower zone 114.45-60. Expected range: 114.55-115.00
(2) The important turning point “monthly point” 114.95-00 attempts to push higher but meets a strong wall,
In the blank zone, it ends with little movement. Expected range: 114.95-114.65
(3) The lower zone 114.45-60 attempts to push lower but is supported. Expected range: 114.55-90
＜3/2 Tokyo USD/JPY Analysis Diagram＞
× ![]()
