Hokutosei's Practical Forex Trading：The dollar is becoming weaker

■Position changes and signs - January 11, 2024

The dollar is weak in the morning in Tokyo. As European time approaches, the dollar weakens. From NY to London fixes, the dollar is strong. At the close in NY, the yen appreciated against the dollar.

The daily balance maintains the overnight position up to the previous day. *Aussie buy 0.6701 has been cancelled. There are signs that the dollar/yen is stalling.

After the US CPI, the trend is towards dollar buying. After the 30-year bond auction, the dollar was sold due to falling US interest rates.

－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－

■USD/JPY

1/9－BUY＠144.45

1/8－SELL＠144.63

1/2－BUY＠141.50

12/27－SELL＠142.29

12/26－BUY＠142.38

(LAST＠145.30)

Downside support-145.58　Rising confirmation points-145.89

■EUR/USD

1/10－BUY＠1.0946

1/9－SELL＠1.0943

1/4－BUY＠1.0938

12/28－SELL＠1.1064

12/21－BUY＠1.0964

(LAST＠1.0973)

Downside support-1.0954　Rising confirmation points-1.0967

■GBP/USD

1/4－BUY＠1.2654

12/28－SELL＠1.2737

12/22－BUY＠1.2680

12/20－SELL＠1.2688

12/19－BUY＠1.2676

(LAST＠1.2761）

Downside support-1.2724　Rising confirmation points-1.2745

■AUD/USD

1/9－SELL＠0.6698

1/8－BUY＠0.6708

12/28－SELL＠0.6830

12/13－BUY＠0.6585

12/11－SELL＠0.6581

(LAST＠0.6688）

Decline confirmation point-0.6677　Return resistance-0.6696

■EUR/JPY

1/10－BUY＠157.90

1/8－SELL＠158.40

1/3－BUY＠155.87

12/28－SELL＠157.40

12/22－BUY＠156.75

(LAST＠159.43）

Downside support-159.69 Rising confirmation points-159.88

■GBP/JPY

1/3－BUY＠179.93

12/28－SELL＠181.30

12/22－BUY＠180.83

12/20－SELL＠181.62

12/15－BUY＠180.12

(LAST＠185.42）

Downside support-185.61 Rising confirmation points-185.81

■AUD/JPY

1/10－BUY＠96.64

1/8－SELL＠97.08

1/3－BUY＠96.39

12/28－SELL＠97.15

12/22－BUY＠96.61

(LAST＠97.18）

Downside support-97.36　Rising confirmation points-97.52