Is it this week? Is it the new year?

Yesterday, the USD/JPY experienced a regrouping after a long time.

That said, it’s not yet at a ceiling, staying only around a little over 1 yen.

The point to watch is probably where it declined in the overseas market.

Until now, the overseas market had been lifting prices higher, but yesterday it seemed to show only a slight change.

Of course this week, with the FOMC looming and rate hikes anticipated, it could be that some players who closed positions early have started to come out from the beginning of the week.

The USD/JPY has retraced to near the 61.8% retracement point from last year’s high to this year’s low,

so on the weekly chart, it is important to see whether the weekly close will exceed the upper cloud of the Ichimoku.

I would like to pay attention to whether it can break above.

On the other hand, the Nikkei 225 and the Dow Jones Industrial Average are both targeting 20,000, aiming at the dollar,

so for now, it would be interesting to watch the US and Japanese stock prices after the events this week.

● It seems to attempt and end up stalling after not reaching the big level

● Or it reaches the big level but stalls with a long upper shadow

● A solid breakout

I think there will be some kind of action like this.

Of course, if there is action in the forex market, there will be corresponding actions in the stock market as well.