October 05
Dollar / yen, rising trend continuing
The situation that the dollar / yen of yesterday hesitated to lower. Temporarily dropped to the 112.30 yen unit, pushed by the dollar selling of the adjustment of the possession, but in the NY time the September ISM Non Manufacturing Industry Situation Index rose to the high level for the first time in about 12 years, 112.90 yen .
The 5-day moving average line which has gone through for a while as the conversion line of the daily-first-one equilibrium table functioned as the lower price support also recovered. It can be determined that the upward trend after mid September is ongoing. It is likely that the focus will be on whether it will be able to surpass the resistance zone of around 113.00 – 113.20 yen.
Today there are plenty of opportunities to speak of high officials of the Federal Reserve Bank of America (FRB). Among them, remarks of Powell’s director who is fighting for the top in the next term Fed chairman race will be noticed.