CM Trade

Download APP to receive bonus

GET

USDJPY: high down

2023-04-19
952
Fundamental analysis:

USD/JPY remained volatile around 134.091. Bank of Japan Governor Kazuo Ueda: There is no need to re-examine the 2013 joint statement with the government. It would be appropriate to consider a joint statement. The government's labor reforms have helped revive the economy. There were positive signs in terms of price and wage growth.

US dollar yen USDJPY - 4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the high-level short-term dynamics fluctuate downward, and the market’s short-term dynamic sentiment is shrouded. In the short term, there are signs of continuing to maintain high levels and move downwards.

Resistance levels: 134.421 434.690

Support levels: 133.878 133.658

Trading strategy: bearish below 134.185, target 133.878 133.658
Alternative strategy: bullish above 134.185, target 134.421 434.690

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