USDJPY

October 03

Dollar / yen, battle of 113 yen

 Yesterday’s dollar / yen rose slightly, but there was also somewhat sluggish impression. In Asia time I put it on the 113 yen level temporarily but it was pushed by return selling and stalled. NY time also peaked at about 112.90 yen. It seems that it has become a light upside resistance around 113 yen because there was circumstance of rushing up at the 113.20 yen level in late last month. However, the market environment is not bad, such as the NY Dow average updating the historical highs. It is likely that today’s focus will be whether we can overcome the resistance of the lower 113 yen level supported by risk appetite mood as global stock prices continue. The lower price support on the chart is seen as the diversion line of the daily stick one table equilibrium table (112.361 yen).