Hokutosei's Practical Forex Trading－USD/JPY “Buy dollar-yen”

■Position changes and signs - July 9, 2024

In the morning in Tokyo, the yen is weak against the dollar. As European time approaches, the dollar strengthens. From NY to London fixes, the yen weakened across the board and the dollar strengthened. At the close in New York, the yen weakened across the board and the dollar strengthened.

The dollar appreciated throughout the day.

The intraday balance changed to 160.80 dollar/yen buy, 1.0825 euro sell, 1.2805 pound sell, 0.6742 Aussie sell, and shifted to overnight position.

Fed Chairman Jerome Powell said that ``a rate cut is not imminent yet,'' accelerating yen selling.

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■Current position

7/9－BUY＠160.80

(LAST＠161.29）

Downside support-161.03　Rising confirmation points-161.22

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■Positioning record 2024

7/05－SELL＠161.20

6/13－BUY＠156.75

6/12－SELL＠156.50

6/07－BUY＠156.10

6/06－SELL＠155.70

6/05－BUY＠155.80

6/03－SELL＠156.80

5/31－BUY＠157.25

5/30－SELL＠157.00

5/17－BUY＠155.60

5/15－SELL＠156.30

5/06－BUY＠153.40

5/01－SELL＠156.25

4/30－BUY＠156.77

4/29－SELL＠156.36

4/05－BUY＠151.63

4/04－SELL＠151.33

4/01－BUY＠151.39

3/27－SELL＠151.35

3/12－BUY＠146.90

3/05－SELL＠150.11

3/04－BUY＠150.43

2/29－SELL＠150.55

2/21－BUY＠150.16

2/20－SELL＠150.01

2/19－BUY＠150.10

2/15－SELL＠150.48

2/07－BUY＠148.03

2/06－SELL＠148.44

2/02－BUY＠146.70

1/31－SELL＠147.41

1/30－BUY＠147.60

1/29－SELL＠147.71

1/25－BUY＠147.65

1/24－SELL＠147.95

1/15－BUY＠145.11

1/12－SELL＠145.35

1/09－BUY＠144.45

1/08－SELL＠144.63

1/02－BUY＠141.50