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USDJPY: low volatility
2022-11-28
1121
Fundamental analysis:
The USD/JPY fluctuated around 139.018, the Bank of Japan has maintained ultra-low interest rates, and the inflation rate will fall below the central bank’s target next year, making Japan an outlier among the world’s interest rate hikes.
USDJPY USDJPY - 4-hour candlestick chart shows:
A brief technical analysis:
From the 4-hour chart: the short-term momentum is low and fluctuating downwards, and the short-term support is reversed and moved up, but the entanglement is in a low and narrow range, the MACD indicator is finishing below the 0 axis, and the RSI indicator is hovering below the 50 equilibrium line;
Long-short turning point: 138.900
Suppression: 139.492, 140.102
Support: 138.082, 137.594
Trading strategy: bullish above 138.900, target 139.492, 140.102
Alternative strategy: bearish below 138.900, target 138.082, 137.594
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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