• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
PTT, Thailands national oil company, plans to more than double the size of its electric vehicle charging network to 7,000 stations by 2030.On April 3rd, Futures News reported that silver prices have been trending downwards and rebounding since March. As of April 2nd, the domestic spot price of #1 silver was 18,150 yuan/kg, a cumulative decrease of 25.7% compared to the beginning of March. The main driver was negative news, specifically the turmoil in the Middle East, which led the market to price in expectations of subsequent energy supply tightening, thus increasing concerns about inflation. The Federal Reserve shifted its stance from one rate cut this year to the possibility of a rate hike, putting pressure on silver. However, Powells subsequent statement suggesting maintaining interest rates and the release of some conciliatory signals between the US and Iran led to a correction in market expectations for rate cuts. Domestically, with the export tax rebate period for photovoltaic modules approaching, the downstream rush to produce and export has largely ended. Coupled with the weakness in new energy vehicles and price volatility weakening market investment demand, the fundamentals are under overall pressure. Going forward, continued attention needs to be paid to the direction of the Middle East situation and its impact on the Federal Reserves interest rate path. Silver volatility may increase, and it is recommended to invest cautiously based on ones own risk tolerance.On April 3rd, Tencent Cloud officially launched its "Lobster" memory service—TencentDB Agent Memory—adding a long-term memory layer to OpenClaw. Currently, Agent Memory is seamlessly integrated into Tencent Cloud products such as Lighthouse and ClawPro as a plugin, and can be activated for free with a single click.On April 3, Hong Leong Investment Bank, in a report, pointed out that the Malaysian economy may be under pressure due to temporary energy supply disruptions caused by the conflict with Iran, and therefore lowered its 2026 GDP growth forecast from 4.7% to 4.5%. Although Malaysian ships were recently granted free passage through the Strait of Hormuz, analysts believe that the risk of oil supply shortages cannot be completely ignored. However, strong exports of electronic products and continued consumer demand will support growth. Due to rising commodity costs and adverse weather conditions, RON97 fuel oil, unsubsidized diesel, electricity, and food are facing upward price pressure, and Hong Leong Investment Bank raised its 2026 CPI growth forecast from 1.7% to 2.0%. Given the rising inflation risks and slowing growth prospects, analysts added that the Central Bank of Malaysia is likely to maintain the policy rate at 2.75% when assessing the impact of the conflict.On April 3rd, the Wuhan Housing Provident Fund Management Center released its interpretation of the policy on optimizing the use of housing provident funds, document number Wu Gong Zhong Gui [2026] No. 2. Regarding expanding the scope of inter-city loans, the eligibility for inter-city housing provident fund loans has been expanded to include employees contributing to the fund in cities across the country, and the restriction that borrowers (including their spouses) must have Wuhan household registration has been removed. The eligibility for commercial-to-provident fund loan conversions has also been expanded to include employees contributing to the fund in cities across the country. The determination of the number of properties eligible for loans has been adjusted. From October 1, 2025 to June 30, 2027, if a contributing family sells its only home and applies for a housing provident fund loan to purchase a newly built or existing home in Wuhan, the citys first-home housing provident fund loan policy will apply; if a family sells one of its two homes and applies for a housing provident fund loan to purchase a newly built or existing home in Wuhan, the citys second-home housing provident fund loan policy will apply.

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