USDJPY

November 7

Shadow hidden lines appear

Yesterday’s dollar yen fell back to the 113 yen level. It rose to the level of 114.70 yen temporarily in the Tokyo market and raised it for the first time in about seven months, but in the NY market where the long-term interest rate declined, it fell to the 113.60 yen level. Federal President Dudley officially announced his resignation that it is definitive that Ms. Yellen, Mr. Fischer plus Mr. Dudley, will leave the Federal Reserve Board (Fed). There is a possibility that such uncertainty suppressed the dollar’s upper price. As the dollar / yen fell yesterday, it drew a “shadow hidden line” on the daily leg chart and also passed down the conversion line of the one-piece equilibrium table. If it seems that it will take time to recover the 114 yen range, there seems to be room for adjustment until the 20th moving average line (113.269 yen at the time of writing) and the reference line of the daily leg balance equilibrium table (113.191 yen).