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Chart: Top 50 Chinese Technology and Internet Companies by Market Capitalization as of Monday, March 16, 2026On March 16, in response to pressure from US President Trump ahead of the US-Japan summit, Japanese Defense Minister Shinjiro Koizumi stated on Monday that Japan currently has no plans to participate in such operations. This comes after Trump publicly called on Japan to participate in the US-led escort mission in the Strait of Hormuz. Koizumi emphasized, "The most important thing right now is to ease tensions through all efforts, including diplomacy." He revealed that he had spoken with US Defense Secretary Hergsays to exchange views on the regional security situation. Japanese Prime Minister Sanae Takaichi echoed this stance, stating that she would discuss related issues with Trump at the US-Japan summit in Washington this week, with the goal of "stabilizing the situation." However, this demand puts Takaichi in a dilemma: she must respond to the demands of US allies while avoiding letting military deployments dominate her crucial first diplomatic appearance with the US. Koizumi acknowledged that, in certain special circumstances, using Self-Defense Force vessels for maritime security operations is theoretically feasible, such as when Japanese ships need protection, the lives or property of Japanese citizens are in danger, or when maintaining stability is necessary. However, he declined to comment on whether the current situation in Iran constitutes such a condition.According to the Dubai Media Office, Dubai Airports announced that some flights will be diverted from Dubai International Airport to Al Maktoum International Airport.The SC crude oil futures contract surged 6.00% intraday, currently trading at 799.20 yuan per barrel.The yield on Japans 30-year government bonds rose 3.5 basis points to 3.540%.

The EUR/USD Price Analysis Is Supported By Rebounds From 1.0840-45

Alina Haynes

Apr 11, 2023 14:37

EUR:USD.png 

 

On Tuesday morning, the EUR/USD reaches a new intraday peak near 1.0880 as bulls attempt to regain control following a two-day downtrend. Consequently, the Euro-U.S. dollar pair recovers after the convergence of the 100-day simple moving average and a two-week-long ascending support line.

 

However, the recovery movements of the major currency pair remain elusive unless the quote remains below the 13-day-old horizontal resistance area surrounding 1.0930.

 

A one-week-old descending trend line near 1.0900 is protecting the EUR/USD pair's near-term upside at press time.

 

In the event that the EUR/USD pair maintains strength above 1.0930, the 1.0975 monthly high may serve as the last line of defense for pair sellers before pushing the price to February's high of 1.1033.

 

Alternately, a breach of the 1.0840-45 support confluence would drive the price to the 1.0788 monthly low without hesitation.

 

Future EUR/USD skeptics may be challenged by the 50% and 61.8% Fibonacci retracement levels of the pair's March-April upswing, respectively near 1.0745 and 1.0690.

 

To restore market confidence, supporters of the EUR/USD must surpass 1.0930. The quote remains on the bears' radar despite the fact that 1.0845-40 limits the near-term decline.


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