USDJPY

October 09

Does the dollar yen short-term direction loss range continue?

 The US employment statistics announced at the end of last week, although the number of non-agricultural employment has become negative, from the view that it was “influenced by the hurricane,” the dollar is rather bought after the announcement of the indicator. When paying attention to the economic situation and interest rates in the US, the dollar’s tone will continue to remain high, we can not deny the possibility of approaching or exceeding the 114 yen range. Especially this week, it seems that it will be a supporting factor for the dollar if bullish sentiment seems to continue as the US – led Federal Reserve lectures are going on one after another.

This week’s dollar / yen expected range is 111.50-113.50 yen. Regarding the dollar high, the dollar return high of 113.44 yen recorded last week is the first resistance, and if it goes out, 114 yen recovery will be seen. Also, the dollar depreciation direction is a solid image, with technical support concentrated on the 111 yen range in daily and weekly charts. Even if it passes through them, it is likely to stop falling at the upper limit of the clouds of the weekly / Ichimoku table located at 110.95 – 00 yen.