20180226号-lite (Daily Foreign Exchange News Electronic Version)

Hello!

MK fund here (^▽^)/
Thank you as always.

Another week has started!
Let’s push through the week again (^▽^)/

In the Tokyo market earlier, toward the value at the end of the trading day (GMT) lokale day for the noon settlement,
there was a rebound led by buying, and the yen selling by domestic importers
and dollar buying around the 107.00 yen option supported it,
and the London session in its early hours remained firm.

After that, through the NY session, the U.S. 10-year yield fell to the 2.86% range
and, reacting to North Korea with large-scale sanctions announced by the Trump administration,
the yen weakened to about 106.51 per dollar.

However, as the three major U.S. stock indices remained firm, the downside was
limited,and the price stayed in the upper 106s to around 107 range.

Note: At the start of the week, during Asia time, it rose. It trades around 107.Trade is around 106 to the low 107s.

Technically, it rose along the 1-hour moving average after breaking the 4-hour cloud support
and following the lagging-span cloud; the 1-hour and 4-hour moving averages turned to resistance,
so it fell again, the 1-hour lagging-span cloud broke below,
price rose from the rising wave to print higher low,
the price descended toward the 4-hour cloud and lagging-span price vicinity,
trading near the lower edge of the 4-hour cloud,and the daily chart remains in a downtrend.

Continuing to gauge momentum via wave analysis,
watching the 4-hour price cloud support and the lagging-span price along the
lagging-span price and the 1-hour lagging-span price,
and while chasing a long-term downtrend,
I plan to look for convergence reversal or breakout opportunities.

Convergence toward the month-end, contraction toward the 4-hour cloud twist,
or scenarios focusing on the 1-hour and 4-hour cloud for ups and downs
are also in view, you know.

The recent development.

　　　
In the morning, buying was ahead toward the noon settlement value as a practical end-of-day date,
and it tested 107.00 yen but then traded around the upper and lower 106s.
Toward the afternoon, yen selling by domestic importers
and dollar buying around the 107.00 yen option supported it
and, though rangebound, held firm, moving from the upper 106s toward the upper 107s.

In the early session, the buying momentum from the Tokyo market continued, pushing to 107.13 yen,
butit was met with selling in the upper 106s, limiting upside.
Later, with Powell's congressional testimony scheduled for the 28th next week,
a cautious mood prevailed.

--New York Market--
　
The U.S. 10-year yield falling to the 2.86% range and
the Trump administration announcing large-scale sanctions on North Korea
pushed it to around 106.51 yen.
However, as the three major U.S. stock indices remained firm,
the downside was limited, and it returned to the upper 106s to the late 106s.

In this context, technically the 4-hour cloud support and the 1-hour lagging-span cloud support functioned,
with the 1-hour lagging-span cloud following the rising wave to stage a comeback, and then the wave and the lagging-span cloud
to the right, shifting momentum and updating the low.
Again the 4-hour cloud provided support and held, showing a solid reaction.

This is the analysis image for each timeframe (lite version: only 1-hour image today).

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