Waiting for short-term USD/JPY long at 149.40
USD/JPY 15-minute chart
In a short period, it has entered an upward trend
Rising after breaking the wall around 149.50
Will it rise with a dip?
Last night’s US job openings
rose to 7.74 million in October — labor demand had been weak but is stabilizing
and it surpassed expectations
It had fallen sharply up to that point, but rose strongly
and then fell sharply again
There is still strong selling pressure I feel
Will it rise toward the Tokyo fix today?
This is a 1-hour chart
If it rises with a pullback
the area around the pivot line and roughly the halfway point of the recent drop
around 149.40is expected
Japanese companies come off the semiconductor export restriction list, Nikkei rises, USD/JPY rises
Yesterday, the U.S. government effectively prohibited the transactions
by adding 140 Chinese companies to the
“Entity List,” already implementing Japan and
the Netherlands and other 30 countries not subject to the restrictions
regarding China, so Japanese stocks surged on that perception,
and USD/JPY followed higher
However, these restrictions were not lifted,
it is not that Japanese semiconductor companies will see increased profits
Foreign investors who were shorting the Nikkei were surprised
and covered their positions
Until now, USD/JPY and EUR/JPY had been
in a downward trend,
as we approach weekend payroll data, position adjustments
are likely to become the main movement
However, as China imposed rare earth metal restrictions on the United States,
the trade war is not over
risk-off yen buying may still continue
even when it rises, a sharp drop could follow
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