简体中文
ภาษาไทย
繁體中文
Indonesia
USDJPY: sharp drop at high level
2023-06-16
749
Fundamental analysis:
The dollar remained volatile against the yen near 140.261, and the Bank of Japan is expected to maintain an ultra-loose monetary policy on Friday (June 16). The Japanese government said it was not happy to see volatility in the foreign exchange market. According to surveys, most economists expect that if the dollar/yen rises to 145, the authorities will take action to prevent the depreciation.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum has fallen sharply, and the short-term decline may continue. The overall market is moving down strongly. The MACD indicator is in the long-term zone and remains in order, and the RSI indicator is hovering weakly above the 50 balance line;
Resistance levels: 140.338 140.527
Support levels: 140.086 139.947
Trading strategy: bearish below 140.338, target 140.086 139.947
Alternative strategy: call above 140.338, target 140.338 140.527
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
