简体中文
ภาษาไทย
繁體中文
Indonesia
USDJPY: high volatility
2023-03-02
1005
Fundamental analysis:
The dollar remained volatile around 136.196 against the yen. Japan's policy of lowering yields means that the yen is sensitive to yield movements elsewhere. Incoming Bank of Japan Governor Kazuo Ueda said it was too early to comment on policy adjustments. It also downplayed the possibility of an immediate overhaul of ultra-loose monetary policy.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: high short-term shocks and retracements, bulls reversed and moved up, market bullishness reappeared, MACD indicator remained in the bullish zone, and RSI indicator hovered above the 50 balance line;
Long-short turning point: 136.094
Suppression: 136.643, 136.997
Support: 135.715, 135.373
Trading strategy: Bullish above 136.094, target 136.643, 136.997
Alternative strategy: bearish below 136.094, target 135.715, 135.373
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
