Yesterday, US indicators such as the ISM Manufacturing Business Index were worse than expected and sold in dollars.
The dollar-yen pair has fully returned during the day and interrupted the 109-yen milestone.
It fell back to 108.89 at one point,
Today, the Tokyo market has recovered to the 109 yen level again.
As I explained yesterday about how to read the dollar yen,
How about a cross circle?
Euroyen also temporarily rose to the 132 yen level at yesterday’s market price
The amount of increase has almost returned to the NY market, and an upper beard is formed on a daily basis.
If you jump on easily just because you keep raising it
There is a possibility (risk) of being involved in such a return, so
You have to be careful.
However, the long-term trend is up.
Yesterday’s return is only within the range of adjustment in the long run, so
Attention is paid to trading from a buying perspective.
I would like to make a bargain purchase when I lower it again.
[Euroyen daily chart]
However, as I commented yesterday, May is sell-in-may.
Stock indexes such as the Dow Jones Industrial Average have fallen, and the yen has strengthened.
You also need to keep in mind that trends can change.
In addition, a mutant strain of the new coronavirus is rampant,
Depending on the situation, such as infection spread and vaccination
It will also affect price movements, so you need to be careful about the media.
In any case, if there are any noticeable changes
I will explain it again, so I hope it will be helpful as a way of looking at it.
Well then, thank you for your cooperation today.
● Today’s economic indicators
13:30 [オーストラリア] Reserve Bank of Australia (Central Bank) announces policy rate
15:45 [フランス] March fiscal balance
17:30 [イギリス] April Manufacturing Purchasing Managers Index
17:30 [イギリス] March consumer credit balance
17:30 [イギリス] March Money Supply M4
21:30 [アメリカ] March trade balance
23:00 [アメリカ] March New orders for manufacturing industry
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