CM Trade

Download APP to receive bonus


USDJPY: high short volatility down

Fundamental analysis:

The US dollar fluctuated around 142.690 against the Japanese yen. Japanese finance minister toshiichi Suzuki reiterated today that if the government observed that the yen continued to fluctuate excessively unilaterally, driven in part by speculation, it would not rule out the possibility of taking any action in the foreign exchange market; The government is ready to take necessary measures in the foreign exchange market.

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

Technical analysis:

According to the 4-hour chart, the momentum of high-level short sellers has maintained a choppy downward trend, short-term short sellers have begun to emerge, the market decline may continue, the MACD index is in the long area, and the consolidation moves downward, and the RSI is in the weak position near the 50 equilibrium line;

Long and short turning point: 142.935

Pressing position: 143.625, 144.250

Support position: 142.031, 141.455

Trading strategy: 142.935 bearish, target 142.031, 141.455

Alternative strategy: bullish above 142.935, target 143.625, 144.250

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