USDJPY

November 06

What is the meaning of dollar / yen, par value line?

The direction feeling was not determined for the dollar yen on the 3rd. The average hourly wage fell below the expectation in October employment statistics in October, but it fell to the level of 113.60 yen, but when the index of the October ISM Non Manufacturing Industry index surpassed the forecast, it rebounded to the 114.40 yen level. However, I could not break through this range of the upper limit of the range after May, but it was pushed back to the 114.00 yen level and finished the transaction. On the daily leg chart crosshair lines showing the close-up value appear, and the power balance of the seller and the buyer appears to be in antagonism. However, there is also a view that the crosshair implies the turning point of the market. This is due to the interpretation that it is common sense of the market that the antagonism state does not last long and it can be a signal that will soon be out of balance (either trend will come out). Whether going down below the lowered price of 113.00 yen or going up the upper limit price 114.50 yen will be the focal point in the near future, but from the current value position (about 114.10 yen at the time of writing) it will be in the direction of the oversleep of 114.50 yen There seems to be a minute.