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USDJPY: the high level moves down
2023-04-27
855
Fundamental analysis:
The dollar remained volatile against the yen near 133.654, Bank of Japan Governor Kazuo Ueda: The Bank of Japan's monetary easing policy is not aimed at funding government spending. Considerations about the cost of financing government debt will not constrain necessary monetary policy moves. Trust in government finances is important to the Bank of Japan's policy.
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 remains oscillating and moving down, the short-term short-term sentiment remains, the market has signs of further downward movement, the MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line.
Resistance levels: 134.005 134.211
Support levels: 133.400 133.175
Trading strategy: bearish below 133.780, target 133.400 133.175
Alternative strategy: Bullish above 133.780, target 134.005 134.211
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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