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BoJ says BoJ needs to continue to implement loose monetary policy

2022-06-14
1012
Fundamental analysis:

The Nikkei 225 index closed down 810.29 points, or 2.91%, at 27014.00 points on Monday, June 13. Bank of Japan governor Haruhiko Kuroda: the Bank of Japan needs to continue to implement loose monetary policy. We need to firmly support Japan's economic recovery.

The impact of inflation on households will be closely watched.



Nikkei index jpn225 - 4-hour K-line chart display:






Technical comments: the high short power continued the rapid decline of Bollinger belt index, and the low power reached the node near 26296. The short-term short power continued to move downward. The Bollinger belt index continued to open its mouth, the MACD index fell rapidly in the short area, and the RSI index continued to move down to the balance line of oversold zone 15 in the short area;


Multi empty turning point: 26482


Pressing position: 26674, 26888


Support position: 26175, 25989


Trading strategy: 26482 bearish below, target 26175, 25989


Alternative strategy: bullish above 26482, target 26674, 26888


The above analysis is a personal point of view and is for reference only.

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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