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The Japanese government is paying close attention to the impact of the exchange rate on the economy

2022-06-13
1057
Fundamental analysis:

The Nikkei 225 index closed down 418.03 points, or 1.48%, at 27828.50 points on Friday, June 10. The Japanese government will respond appropriately to the exchange rate. The exchange rate will continue to be monitored urgently. We are paying close attention to the impact of the exchange rate on the economy.

We need to pay attention to the impact of inflation on economic downside risks.



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




Technical comments: the high short power continued the rapid decline near the brin zone index, and the low power reached the node near 27234. The short-term short power showed signs of continuing to move downward. The brin zone index continued to open its mouth, the short area under the 0 axis continued to move downward, and the RSI index continued to move downward below the 50 equilibrium line;


Long short turning point: 27346


Pressing position: 27634, 27799


Support position: 27179, 26998


Trading strategy: 27346 bearish below, target 27179, 26998


Alternative strategy: bullish above 27346, goals 27634 and 27799


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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