CM Trade

Download APP to receive bonus

GET

U.S. and Japan: high volatility moves up

2022-07-14
1203
Fundamental analysis:

The U.S. dollar remained volatile around 137.143 against the yen, and the U.S. dollar began to soar. Among the world's major economies, the yen suffered a historic depreciation and became the worst performing major currency this year. At present, the influencing factors that dominate the trend of the United States and Japan still fall on the reason that the currency interest rate difference between the two countries continues to expand.


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




Technical analysis:


According to the 4-hour chart, the bull momentum maintained a shock rise, and the short-term high amplitude space gradually narrowed, but the upward trend remained. The MACD index was in the high consolidation and translation of the bull region, and the RSI index was in the 50 balance, and the online side was weak;


Long short turning point: 136.954


Pressing position: 137.521, 137.893


Support position: 136.497, 136.017


Trading strategy: bullish above 136.954, target 137.521, 137.893


Alternative strategy: bearish below 136.954, target 136.497, 136.017


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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More