USDJPY

November 15,

Dollar / yen, looking for a chance for range break.

Yesterday ‘s dollar yen stalled around 114 yen. Although it rose to the 113.90 yen stage in the beginning of the European market, thereafter, there was a scene of dollar selling as the long-term interest rate of US declined, and it fell back to around 113.30 yen in the NY market. The trend has continued at the 113 yen range recently, and it tends to converge in the vicinity of the 20 days moving average value (closing price base). Today’s dollar / yen seems to explore clues to escape from such “cozy level”. The October Consumer Price Index released in the NY market and the October retail sales in the United States (each 20:30) will be noticed. It is thought that the most recent lower price support is the baseline of the daily One-piece balance table (113.191 yen at the time of writing) and the upper price resistance is the same conversion line (113.912 yen at the time of writing).