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Pay close attention to the impact of exchange rate on the economy

2022-06-14
1039
Fundamental analysis:

The USD / JPY remained volatile around 134.479. Bank of Japan governor Toshihiko Kuroda: the recent rapid weakening of the yen is detrimental to the economy. It is important that exchange rates reflect fundamentals. We will continue to pay close attention to the impact of the exchange rate on the economy.



USD / JPY - 4-hour K-line chart display:




Technical comments: the bull power continued to fluctuate and rise in the upper rail range of the Bollinger belt index channel. In the short-term consolidation trend of the high level, the bull power still had a further upward trend. The high level of the Bollinger belt index showed a closing trend. The MACD index remained weak in the bull region and moved down, and the RSI index remained in the narrow range of the bull region;


Multi empty turning point: 134.225


Pressing position: 134.775, 135.342


Support position: 133.698, 133.154


Trading strategy: bullish above 134.225, target 134.775, 135.342


Alternative strategy: bearish below 134.225, target 133.698, 133.154


The above analysis is a personal point of view and is for reference only.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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