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USDJPY: low up
2023-03-28
809
Fundamental analysis:
USD/JPY remained oscillating around 131.539, and the wage gap between Japan and China will widen in 2022, although there is a background that China's wages may be higher when converted to JPY due to the continued depreciation of the JPY. But in general, wages in Japan are generally weak.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart shows that the momentum of the low-level bulls maintains a narrow range and slowly moves upwards. The bullish sentiment in the market begins to emerge slowly. The bulls continue to move upwards at a low level.
Resistance levels: 131.930 132.347
Support levels: 130.889 130.487
Trading strategy: Bullish above 131.320, target 131.930 132.347
Alternative strategy: bearish below 131.320, target 130.889 130.487
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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