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Us and Japan: strong rise

2022-07-15
1243
Fundamental analysis:

The dollar remained high against the yen at around 139.014, narrowing the gap between the real yields of U.S. and Japanese treasury bonds, which may help curb the decline of the yen, but this trend has not been reflected in the exchange rate of the dollar against the yen, and this interest rate gap has always been an important driving factor for the weakness of the yen.


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




Technical analysis:


According to the 4-hour chart, Bulls' momentum rose strongly, high-level short-term consolidation, MACD index was in the high-level consolidation and upward of bulls, RSI index was in the high-level 80 and hovered below the equilibrium line;


Long short turning point: 138.663


Pressing position: 139.275, 139.586


Support position: 138.264, 137.878


Trading strategy: bullish above 138.663, target 139.275, 139.586


Alternative strategy: bearish below 138.663, target 138.264, 137.878

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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