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United States and Japan: high-level consolidation and promotion

2022-07-13
1269
Fundamental analysis:

The USD / yen remained volatile around 136.851, and the USD / yen continued to hit a record high. Tokuhiko Kuroda, governor of the Bank of Japan, said that if necessary, we will not hesitate to take additional monetary easing measures.


USD JPY - 4-hour K-line chart shows:




Technical analysis:


Looking at the 4-hour chart: the bull momentum maintained a volatile rise, and retreated after repeatedly breaking new highs, but the market upward trend continued. The MACD index was at the high level of the bull region, and the RSI index was at the 50 equilibrium online side;


Long short turning point: 136.634


Pressing position: 137.213, 137.780


Support position: 136.286, 135.817


Trading strategy: bullish above 136.634, target 137.213, 137.780


Alternative strategy: bearish below 136.634, target 136.286, 135.817

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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