Dollar/Yen: In the general election, selling pressure for position adjustments is seen as dominant, aiming for a pullback sale
Dollar/Yen 1-hour chart
Assume each line break and rebound
Isn't the rebound decline stronger?
Be careful on the long side
Pivot also suggests a short-term resistance near 152.0
There is also a pullback up to R1, but...
Dollar/Yen is turning down
In the dollar/yen market, U.S. long-term interest rates
have been rising recently
(Trump trade), 200-day moving average (151.36),
important technical points such as 152 yen
were breached, triggering a stop-loss and a sharp rise
but we had been too short-term overbought,
and government insiders who attended the G20
also issued comments wary of a yen depreciation
leading to a move below 152 and more than 1 yen of adjustment.
It seems like the path will depend on watching U.S. interest rates
but
the dollar/yen has risen too much in the short term,
making it difficult to identify a clear support level
With the rise continuing, how far will the adjustment go
Today, on Gotō day in Tokyo's noon value, if it rises I would look to short
With Japan's general election looming, isn't selling pressure for position adjustment likely to be dominant?
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