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USDJPY: oscillating upward
2023-01-12
1191
Fundamental analysis:
USD/JPY remained volatile around 132.477, and the Bank of Japan is unlikely to adjust its negative interest rate policy. As long as bond yields remain under strong upward pressure, it will be difficult to prevent the cracks in the yield curve control policy from widening.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the market’s long-term momentum is slowly oscillating upwards, short-term bullish sentiment emerges, the market’s long-term momentum remains, the MACD indicator is hovering around the 0 axis, and the RSI indicator is in a weak order near the 50 balance line;
Long-short turning point: 132.295
Suppression: 132.864, 133.282
Support: 131.940, 131.642
Trading strategy: bullish above 132.295, target 132.864, 133.282
Alternative strategy: bearish below 132.295, target 131.940, 131.642
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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