Is it finally going to move with interest rates?

Good morning everyone.

Yesterday, right after the London stock market opened, there were reports of possible Bank of Japan rate hikes, and the USD/JPY moved sharply higher in yen terms.

That news

After that,there was an announcement at 23:00 about US employment dataand the USD/JPY dropped sharply.

However, it rebounded and rose, and currentlyit is waiting in the middle of the daily range that was written about recently.

This sequence of ups and downs is a daily range, and since it has continued since early August, it is roughly a one-month range.

The market is

range → trend → range → trend

and will expand, so the next move will be a trend.

We don't know up or down, but a trend following a one-month range breakout looks strong.

USD/JPY daily chart & 1-hour chart

The yellow squares indicate the one-month ongoing range.

Yesterday's low is in red.

The sell from the 1-hour blue downward move was caused by unexpected BoJ-related news, so predictability was limited, but in terms of price action, you could attempt a short breakout on the hourly chart, and test the S position with a billion-dollar trader 1-minute chart breakout.

The highlight of the trade is, after marking with a red circle, the 1-minute ultra-trader chart.

From a little after 19:30, selling and buying switch, and it rises neatly.

The price increase is roughly 50 pips.

Afterward, it falls sharply on US data but is bought at the bottom and returns to the present level.

Today's outlook: since this range is expected to continue, the downside is up to yesterday's low.

The upside would be a move toward yesterday's high and then toward the day before yesterday's high.

There are US indicators tonight, so you may trade based on their results.

Today, as you watch the ultra-trader 1-minute chart, remember not to forget

・Monitor price action from today's high and low

・Movements right after each stock market opens

・Movements after US economic indicators are released

・The daily is in a range

What I, as a trader, recommend are the following three products.

New Ultra Trader Scalping with Volume Plus

FX trading: unusual hedging

Explosive Indicator: Transition to a Winning Trader

Thank you for your continued support today as well.