■Position changes and signs - June 12, 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 appreciated against the dollar across the board. The dollar weakened at the close in NY.

The daily balance changed to 156.50 dollar/yen sell, 1.0770 euro buy, 169.40 euro yen buy, and moved to overnight position.

Yen shorts took the lead as European time approached. The dollar weakened across the board in the CPI, and US interest rates fell rapidly. Following the FOMC policy announcement, dollar repurchases led to cross-yen appreciation, suppressing dollar-yen depreciation.

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■Current position

6/12－SELL＠156.50

(LAST＠156.73）

Decline confirmation point-156.35　Return resistance-156.74

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■Positioning record 2024

6/07－BUY＠156.10

6/06－SELL＠155.70

6/05－BUY＠155.80

6/03－SELL＠156.80

5/31－BUY＠157.25

5/30－SELL＠157.00

5/17－BUY＠155.60

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.

Hokutosei's Practical Forex Trading－USD/JPY “Selling dollars in major currencies”