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On April 13th, the General Office of the Ministry of Industry and Information Technology issued a notice on strengthening industrial and information technology quality work in 2026. The notice emphasizes strengthening quality supervision and management. It calls for collaborative efforts in central quality and food safety assessments, cooperation in national product quality supervision and spot checks, and conducting quality inspections of key products such as lithium batteries, photovoltaic modules, civilian explosives, and radio transmitting equipment. It also stresses strengthening supervision and inspection of the consistency of production of road motor vehicles. Furthermore, it encourages e-commerce platforms to issue self-declarations of product quality, increases the intensity of spot checks, and enhances consumers ability to distinguish quality. Finally, it emphasizes leveraging the role of public quality supervision, advocating for the concept of "high quality, high price," and effectively protecting consumers legitimate rights and interests.On April 13th, the General Office of the Ministry of Industry and Information Technology issued a notice on improving industrial and information technology quality in 2026. The notice proposes implementing differentiated policies to promote the quality improvement of key products in the manufacturing industry. It calls for promoting the development of quality grading standards for key products in key industries, and improving the mechanisms for releasing and accepting quality grading standards. It also calls for developing and releasing industry standards for raw materials, testing methods, and technical specifications, promoting higher mandatory standards in key materials fields, advancing green building materials product certification, and improving the quality and efficiency of raw materials. Furthermore, it emphasizes accelerating the construction of high-level intelligent factories and strengthening the development of scenarios for precise quality traceability, quality analysis, and improvement. Finally, it stresses strengthening research on major technological equipment and system integration innovation, and promoting the research, revision, and application of standards for key products in the equipment sector to improve the quality level of equipment products.On April 13th, the General Office of the State Council issued the "Several Measures on Accelerating the Construction of a Hierarchical Medical System." This morning, the State Council Information Office held a regular policy briefing to interpret the document. Zheng Zhe, Vice Minister of the National Health Commission, stated that the Commission will work with relevant departments to implement financial subsidies for medical and health institutions that conform to regional health planning, improve the salary system to meet the development requirements of closely integrated medical consortia, promptly include eligible primary healthcare institutions in the medical insurance designated provider management system, and optimize policies such as differentiated payment for basic medical insurance and medical service pricing to provide stronger guarantees for hierarchical medical services.The CIA used Israeli-made Pegasus software to conduct a deception operation in Iran to rescue a downed American pilot. This spyware, widely used by the CIA, is primarily used for hacking devices, eavesdropping on communications, and secretly collecting data.BEIJING, April 13 (Xinhua) -- Vietnams National Assembly Office announced on April 12 that, in order to stabilize domestic oil prices, it has decided to extend the suspension of fuel tax collection from the previously announced April 15 to the end of June. According to the statement from the National Assembly Office, the National Assembly has passed a resolution to continue the suspension of environmental protection tax and special consumption tax on fuel consumption. The Vietnamese government had previously announced the suspension of environmental taxes and special consumption tax on gasoline, diesel, and aviation fuel from March 27 to April 15. The Ministry of Finance stated that this would reduce national revenue by 7.2 trillion VND (approximately US$273 million) per month.

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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