• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 18th, Tencent Cloud AI Agent Security Center launched the "Credential Sandbox" to address key security issues, ensuring that "the agent never holds the key." According to reports, the Key Sandbox allows agents to complete all cloud API calls without holding any keys. Every operation is fully auditable, and administrators can adjust the agents capability boundaries at any time—granting permissions but not keys.March 18th - According to institutional model scenario analysis, the increasing prevalence of electric vehicles globally will reduce daily oil consumption by 2.3 million barrels by 2025. Analyst Claudio Rubis stated that as more drivers switch to electric vehicles, fossil fuel savings are expected to increase year by year for the remainder of this decade. Under an economic transition scenario (where governments deploy economically viable technologies rather than policies primarily driven by climate goals), daily oil consumption reductions are projected to more than double to 5.25 million barrels by 2030. Two-wheeled and three-wheeled vehicles currently account for the majority of road fuel reductions due to the rapid adoption of electric motorcycles, particularly in developing countries. With the increasing popularity of electric vehicles, they are expected to cut even more oil demand later in this decade. A report by the think tank Ember found that electric vehicles will reduce daily oil consumption by 1.7 million barrels by 2025. Ember analyst Walter stated that the increasing cost competitiveness of electric vehicles relative to gasoline vehicles, coupled with oil price volatility, means that choosing electric vehicles is a wise move for countries hoping to mitigate future shocks.March 18th - Daiwa Securities estimates that if crude oil prices trade around $90 per barrel, Japans net imports will increase by approximately 8.1 trillion yen. The estimates show this figure rises to 11.4 trillion yen at $100 per barrel and to 17.8 trillion yen if prices reach $120 per barrel. A widening trade deficit could further pressure the yen, leading to increased import costs and ultimately eroding corporate profits.On March 18, the Taiwan Affairs Office of the State Council held a regular press conference. According to Reuters, a large-scale US arms sale to Taiwan, including advanced interceptor missiles, is about to be submitted to President Trump for approval, and Trump may sign it after his visit to China. What is your comment on this? Chen Binhua, spokesperson for the Taiwan Affairs Office, stated that we firmly oppose relevant countries selling weapons to Taiwan, and this position is consistent and clear. The US should adhere to the one-China principle and the three Sino-US joint communiqués, handle the issue of arms sales to Taiwan prudently, and take concrete actions to safeguard the stability of Sino-US relations and peace across the Taiwan Strait.March 18th - On the morning of March 18th, the Taiwan Affairs Office of the State Council held a regular press conference. Recently, the United States announced the initiation of Section 301 investigations into unfair trade practices by some trading partners, including Taiwan. Some analysts on the island believe that the DPP authorities constant acquiescence to the US without any reciprocation is unacceptable. What is your comment on this? Spokesperson Chen Binhua of the Taiwan Affairs Office: The DPP authorities adhere to the principle of "blindly following the US," unprincipledly flattering the US and selling out Taiwan without any bottom line, sacrificing the well-being of the Taiwanese people and the islands economic prospects to align themselves with the US. However, constant compromise and concessions will not earn them any pity, but only further plunder, ultimately leading to their being completely exploited. It is truly laughable, despicable, and pathetic.

USD/JPY Price Analysis: To consolidate as a doji near the YTD highs near 125.70 looms

Larissa Barlow

Apr 13, 2022 10:03

  • Despite its strong association with US Treasury yields, the USD/JPY trades in a range of 125.30 to 70.

  • Forecast for the USD/JPY exchange price: Although the bias remains upward, a doji near the year-to-date highs might pave the way for lower prices.

 

As the Asian Pacific day begins, USD/JPY is practically flat, up 0.05 percent, but still short of the YTD highs near 125.77, as Tuesday's price action formed a doji, implying indecision. The USD/JPY is now trading at 125.48.

 

On Tuesday, the USD/JPY hovered above 125.45 but fell rapidly on the release of mixed US inflation readings, albeit hotter than expected; the numbers were in line with forecasts.

USD/JPY Forecast: Technical Price

The USD/JPY is now trending upward, as indicated by the daily chart. A doji near the YTD highs, on the other hand, may pave the way for a correction down.

 

Meanwhile, the USD/JPY 1-hour chart indicates the pair has established a double top, but the pair may stabilize in the 125.30-77 range after breaking over 125.35.

 

The initial upward resistance for the USD/JPY would be 125.56. A break of the latter would reveal the convergence of the YTD high and the R1 daily pivot point near 125.77-80. Once cleared, 126.00 would be the next line of defense for JPY bulls.

 

On the other hand, the initial level of support for the USD/JPY would be the confluence of the 50-hour simple moving average (SMA) and the daily pivot at 125.28-30. A strong break would pave the way to the S1 daily pivot level of 124.81, followed by the 100-hour SMA level of 124.64.

 

image.png