简体中文
ภาษาไทย
繁體中文
Indonesia
USDJPY: Bears tumble sharply
2022-12-21
1181
Fundamental analysis:
USD/JPY remained volatile around 131.708. The Bank of Japan kept its benchmark interest rate at a historical low of -0.1%, and the 10-year government bond yield target at around 0%, in line with market expectations. The Bank of Japan kept its guidance on its policy bias unchanged, saying it would not hesitate to take additional easing measures if necessary based on the impact of the outbreak on the economy.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
4-hour chart: The short-term momentum has fallen rapidly, and after the short-term rapid decline, it has been consolidated at a low level, and the market’s bear sentiment has emerged. The MACD indicator is in the bearish area and has fallen rapidly, and the RSI indicator is in a low position below the 50 auspicious star;
Long-short turning point: 131.971
Suppression: 132.529, 133.102
Support: 131.206, 130.569
Trading strategy: bearish below 131.971, target 131.206, 130.569
Alternative strategy: bullish above 131.971, target 132.529, 133.102
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 AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
