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On May 19, according to the public prospectus, TSMC (TSM.N) will issue the second unsecured ordinary corporate bond of the year in June, totaling NT$14.1 billion, all of which are green bonds. The 5-year interest rate rose to 1.92%, with an issuance of NT$12.5 billion; the 10-year interest rate was 2.05%, with an issuance of NT$1.6 billion.Japanese Chief Cabinet Secretary Yoshimasa Hayashi: Refused to comment on the US rating downgrade.On May 19, Xiaomi announced today that it will hold a Xiaomi strategic new product launch conference at 7 pm on May 22. At that time, Xiaomi will launch the new mobile phone SoC chip Xuanjie O1, the new flagship Xiaomi 15S Pro and Xiaomi Tablet 7 Ultra, as well as the new Xiaomi YU7, Xiaomis first SUV.On May 19, by the location of business units, in April, the retail sales of consumer goods in urban areas was 3237.6 billion yuan, a year-on-year increase of 5.2%; the retail sales of consumer goods in rural areas was 479.8 billion yuan, an increase of 4.7%. From January to April, the retail sales of consumer goods in urban areas was 14043.3 billion yuan, an increase of 4.7%; the retail sales of consumer goods in rural areas was 2141.2 billion yuan, an increase of 4.8%. By consumption type, in April, the retail sales of goods was 3300.7 billion yuan, a year-on-year increase of 5.1%; catering revenue was 416.7 billion yuan, an increase of 5.2%. From January to April, the retail sales of goods was 14365.1 billion yuan, an increase of 4.7%; catering revenue was 1819.4 billion yuan, an increase of 4.8%. By retail formats, from January to April, the retail sales of convenience stores, specialty stores, supermarkets, department stores and brand stores in retail units above the limit increased by 9.1%, 6.4%, 5.2%, 1.7% and 1.4% year-on-year respectively.On May 19, from January to April, the sales area of new commercial housing was 282.62 million square meters, a year-on-year decrease of 2.8%, and the decline was narrowed by 0.2 percentage points compared with January to March; among them, the sales area of residential housing decreased by 2.1%. The sales of new commercial housing was 2703.5 billion yuan, a decrease of 3.2%; among them, the sales of residential housing decreased by 1.9%. At the end of April, the area of commercial housing for sale was 781.42 million square meters, a decrease of 5.22 million square meters from the end of March. Among them, the area of residential housing for sale decreased by 4.55 million square meters.

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.

 

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