USDJPY

October 13,

It is come close by dollar/yen, the range lower limit.

Yesterday’s dollar / yen continued weakness mainly around the 112 yen level. In September, the producer price index rose from the previous month and recorded a high level for the first time in about five and a half years, but the response of the dollar was limited. It seems that it was hard to catch the index value in fact because it was greatly influenced by the large hurricane. Today’s US consumer price index and retail sales in September are expected to rise at a high rate, but there is a possibility that this will be the same response.

Also, yesterday, there was a scene in which the dollar sells after being reported near the nuclear test facility of North Korea with the occurrence of an earthquake. It is scheduled for the Chinese Communist Party convention on the 18th of next week and the dollar / yen’s rise will be heavy as North Korea can’t eliminate the possibility of taking a new provocative action this weekend. It will see that the lower range limit of 111.991 yen this week and the 200-day moving average line (111.814 at the time of writing) are hard, but if it goes beyond that, it will be accompanied by stop loss and there is a possibility of further lowering, so be careful.