Strong USD/JPY; everyone is aiming for a pullback, waiting at 152.2
USD/JPY 15-minute chart
Is it not likely to set a new high in the short term?
US Dollar Index 15-minute chart
The shapes are not similar
Perhaps positively correlated with US interest rates
However, since the dollar weakened, the USD/JPY had tended to rise, so there is a possibility of a drop
Ideally, it would rise toward the Tokyo fix and then fall
On the 1-hour chart, GMMA is still rising
From the pivot, there is a pullback near 152.2 and a 0.382 Fibonacci level as well
Would 152.295 come to life?
If it breaks below
I'll wait and observe
USD/JPY sharp rise
USD/JPY surged past the 152 level
Temporarily into the 153s
The long-term trend for USD/JPY on larger timeframes is
downward
from past data, 152 is still possible,
but 153 has also appeared
This rise in USD/JPY is severe because it accompanies a drop in the Nikkei
Typically, yen depreciation should push the Nikkei higher, but...
US markets are also down, so this morning, how will it be?
With Trump in office and US-China tensions
raising concerns about their impact on the Japanese economy,
this movement is occurring
Going forward as well, Trump trades seem to be dominating the market
If US 10-year yields exceed 4.2%
to many traders
would have been surprising
US 10-year Treasury yield 15-minute chart
Predatory outsiders will hunt relentlessly when they hunt
Agrarian people get swept up if they are slow to act
For a while, trading will likely depend on watching US yields.
Once US yields rise this high, even if the BOJ raises rates a bit,
the impact will be limited.
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