EUR/USD 1.18232
0.014%
Gold 5016.08
1.268%
Oil 62.760
-0.855%
USD/JPY 156.678
-0.265%
GBP/USD 1.36013
-0.124%
GBP/JPY 213.107
-0.388%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Lighthouse Pro, as of 11:51 a.m. today, the total pre-sale box office for new films scheduled for the 2026 Spring Festival has exceeded 10 million yuan.On February 9th, according to Tianyancha intellectual property information, Xiaomi Automotive Technology Co., Ltd.s patent application for "Suicide Door Vehicle and Locking Assembly" was granted on February 6th. The abstract shows that the disclosed suicide door vehicle includes a vehicle body, a first door body, a second door body, a locking assembly, and a hinge assembly. The rotating side of the first door body is hinged to the vehicle body; the rotating side of the second door body is also hinged to the vehicle body, and the opening side of the second door body is used to engage with the opening side of the first door body; the locking assembly is disposed on the vehicle body and can move along a first direction between a first position and a second position, and remains locked to the locking assembly during the movement of the opening side of the second door body between the first and second positions; the hinge assembly is disposed on the vehicle body and connected to the rotating side of the second door body, allowing the rotating side of the second door body to detach from or approach the vehicle body along a first trajectory, and causing the opening side of the second door body to rotate and open or close along a second trajectory. Based on this, the disclosed invention can achieve disordered door opening of the suicide door vehicle, improving the user experience.On February 9th, it was reported that on February 5th, 2026, General Motors filed an application with the U.S. International Trade Commission under Section 337 of the Tariff Act of 1930, alleging that certain automotive parts, components, and vehicles containing a machine exported to, imported into, or sold in the U.S. infringe its patent rights. General Motors requested a Section 337 investigation and the issuance of a general exclusion order, a limited exclusion order, and a cease and desist order. Twenty companies, including those from the U.S. and China, are involved in the case.The yield on 5-year Japanese government bonds rose 4.0 basis points to 1.725%. The yield on 20-year Japanese government bonds rose 1.5 basis points to 3.145%.February 9th - BNP Paribas economists stated that given Japanese Prime Minister Sanae Takaichis expansionary fiscal policies could further push up inflation, the Bank of Japan (BOJ) is expected to raise interest rates at a slightly faster pace than previously anticipated. Analysts predict the BOJ will raise rates in April, and then continue tightening policy every four to five months until the policy rate reaches 2%. The report noted, "Depending on future exchange rate movements, the possibility of the next rate hike occurring as early as March cannot be ruled out." Japanese officials have previously warned that the government is prepared to take measures against excessive yen volatility.

The USD/JPY Currency Pair Swings in a 60-Pip Range as Bulls Reclaim 124.00 on a Positive Note

Drake Hampton

Apr 08, 2022 10:07

Tips

  • The USD/JPY is up 1.26 percent this week.

  • The greenback strengthens as investors shrug off geopolitical concerns.

  • Forecast for the USD/JPY Exchange Rate: As bulls, we are leaning upward and are aiming for the YTD high of 125.10.

 

As the Asian Pacific session opens, USD/JPY pair extends its weekly gains on broad US dollar strength. The USD/JPY remains strong at 124.15, after trading in a tight 55-pip range over the last three days as the Eastern Europe conflict between Russia and Ukraine enters its sixth day.

 

Asian market futures continue to trade higher, despite the ongoing Russia-Ukraine confrontation. Contrary to the positive tone of Asian market futures, which point to a stronger open, US equities concluded the afternoon in a divided mood. Investors shrugged aside Russia-Ukraine tensions on Thursday, despite Russian Foreign Minister Sergei Lavrov's complaint that Ukraine's new draft accord submitted to Russia does not meet Russia's demands on Crimea and Donbas. Meanwhile, recent reports indicate that Russia is regrouping soldiers in preparation for another offensive aimed at reclaiming Ukraine's eastern territories, Donetsk and Luhansk.

 

The North American session on Thursday featured Fed speakers, lead by St. Louis Fed President James Bullard, who stated that the Fed is still behind the curve in its efforts to contain inflation. Bullard said that by the second half of the year, he would like to see the Federal Funds Rate (FFR) at 3.5 percent.

 

Later that day, Chicago Fed President Charles Evans indicated that "we (the Fed) will reach neutral by the end of this year or early next."

 

On the Japanese docket, the Current Account for February and Consumer Confidence for March would be the headline economic data releases. On the US front, Wholesale Inventories for February will be released on a monthly basis. 

USD/JPY Forecast: Technical Analysis

The USD/JPY continues bullish, but the average daily range (ADR) has been 55 pips during the last three days. Daily moving averages (DMAs) below the spot price further reinforce the uptrend, and it's worth noting that the 100-DMA at 109.48 is on the verge of crossing over the 200-DMA at 109.60.

 

With that considered, the first resistance level for the USD/JPY would be 124.00. If the latter is breached, the March 29 daily high of 124.30 will be revealed, followed by the year-to-date high of 125.10.


image.png 


Suggestion