CM Trade

Download APP to receive bonus


USDJPY: within a narrow range

Fundamental analysis:

USD/JPY remained volatile around 135.090. Japanese Deputy Finance Minister Masato Kanda: We will invite Ukrainian ministers to the G7 Finance Ministers meeting to discuss global economic issues. Will work to set a timetable for mutually beneficial partnerships among G7 countries to strengthen supply chains. The biggest challenge with sanctions against Russia is circumvention. We are in the final stages of delivering more aid to Ukraine.

US dollar yen USDJPY - 4-hour K-line chart shows:

Brief technical analysis:

Looking at the 4-hour chart: In the short-term narrow range, there are signs of slow emergence of bullish momentum in the market, but the follow-up momentum is lacking. The MACD indicator is weakly hovering around the 0 axis, and the RSI indicator is weakly finishing near the 50 balance line;

Resistance levels: 135.382 135.687

Support levels: 134.673 134.402

Trading strategy: Bullish above 134.952, target 135.382 135.687
Alternative strategy: bearish below 134.952, target 134.673 134.402

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 Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar