Hokutosei's Practical Forex Trading－USD/JPY“Yen weakens due to rising US bond rates”

■Position changes and signs - May 20th, 2024

In the morning in Tokyo, the yen is weak against the dollar. As European time approaches, the yen weakens and the dollar weakens. From New York to London, the yen weakened across the board and the dollar strengthened. At the close in New York, the yen weakened across the board and the dollar strengthened.

The overall balance is tilted toward dollar buying.

Although yen interest rates are rising, the impact on the dollar-yen is limited. Yen short preceded the NY Open. US interest rates rose after the Fed's director's remarks, and the yen closed in New York with an overall depreciation.

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■Current position

5/17－BUY＠155.60

(LAST＠156.27）

Downside support-155.81　Rising confirmation points-155.99

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■Positioning record

5/15－SELL＠156.30

5/06－BUY＠153.40

5/01－SELL＠156.25

4/30－BUY＠156.77

4/29－SELL＠156.36

4/05－BUY＠151.63

4/04－SELL＠151.33

4/01－BUY＠151.39

3/27－SELL＠151.35

3/12－BUY＠146.90

3/05－SELL＠150.11

3/04－BUY＠150.43

2/29－SELL＠150.55

2/21－BUY＠150.16

2/20－SELL＠150.01

2/19－BUY＠150.10

2/15－SELL＠150.48

2/07－BUY＠148.03

2/06－SELL＠148.44

2/02－BUY＠146.70

1/31－SELL＠147.41

1/30－BUY＠147.60

1/29－SELL＠147.71

1/25－BUY＠147.65

1/24－SELL＠147.95

1/15－BUY＠145.11

1/12－SELL＠145.35

1/09－BUY＠144.45

1/08－SELL＠144.63

1/02－BUY＠141.50

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■Trading method

[Basic concept]

When rising, use the previous day's true range value of 0.618...

The price subtracted from the previous day's high price supports the downside.

The price added to the previous day's low price is the confirmation point for resuming the rise.

When falling, the previous day's true range value of 0.618...

The price subtracted from the previous day's high price is the confirmation point for the resumption of decline.

The price added to the previous day's low is the resistance to reversal.

[Buying and selling policy]

When rising, push the downward price support to rise confirmation point to the formation zone and take a buying stance.

At the time of a decline, move the decline restart confirmation point to the return resistance to the return formation zone and sell stance.

If there is an anti-trend movement that exceeds the reversal resistance and downside support, there will be a counter buy and sell.