■Position changes and signs - June 14, 2024

In the morning in Tokyo, the yen weakened across the board and the dollar strengthened. As European time approaches, the yen weakens across the board and the dollar strengthens. From NY to London fixes, the yen appreciates against the dollar. At the close in NY, the yen appreciated against the dollar.

The dollar is strong throughout the day.

The Bank of Japan meeting decision will be reported at 1223 pm in Tokyo. Before that, there was a flying movement and the low was 156.90. At the time of the Bank of Japan Governor's press conference, the yen was heavily traded, and the dollar/yen was unable to rise, reaching a high of 158.26. In Europe, euro selling preceded dollar buying, and in New York, euro selling led to buybacks.

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■Current position

6/13－BUY＠156.75

(LAST＠157.40）

Decline confirmation point-156.35　Return resistance-156.74

Downside support-157.41　Rising confirmation points-157.74

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■Positioning record 2024

6/12－SELL＠156.50

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 “Buy dollars throughout the day”