4/29 Gift market
＜Results for 4/28 USD/JPY＞
Tokyo range: 128.36=70, NY range: 130.28=131.151
The yen weakened to 131.15, the weakest since April 2002.
In Tokyo,they simply joined in on the side of the participants who broke the “consolidation zone” 128.30=70.Added to the move.
As a result, after 10 o'clock it broke and buyers participated.
It stayed flat for a while, but at noon it suddenly spiked, delivering almost a 1 yen leap as a gift market.
Furthermore, just before 4 PM, the important zone 129.95=130.15, which had been Tokyo’s upper limit, also broke, signaling a developoment where buying was the only option.
Ultimately, the weekly report defined the week’s “upward limit zone” as the “monthly point zone” 130.90=131.10, and it extended as expected, with the best profit-taking completed.
JoyTech's worked very well.
March and April were an amazing period for USD/JPY trading, surpassing the ideal of easily securing large spreads.
April 28 was a day worthy of being the finale!
＜Result of the 4/28 “Analysis Diagram”＞
Result of 4/28 USD/JPY market
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