• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Bahrains Defense Forces: Air defense systems intercepted and destroyed multiple Iranian air attacks.September 2nd - my country has achieved a significant breakthrough in key technologies for high-end remote sensing dynamic imaging. Addressing the contradiction between lightweight design, low power consumption, and high dynamic imaging performance urgently needed in fields such as drones, satellites, and robots, the State Administration for Market Regulations Key Laboratory (Optical Sensing and Image Metrology) established at China Jiliang University, in collaboration with Beijing University of Aeronautics and Astronautics and other institutions, conducted technical research to achieve centimeter-level ultra-high resolution 3D imaging under small-scale, low-power constraints. This solves the problem of accurate capture and analysis of scene information for industries such as low-altitude economy and intelligent vision.Reuters witnesses reported hearing explosions in Kyiv.Futures News, September 2nd: Domestic residential gas prices resumed their upward trend in the second half of August, and this upward momentum continued into early September. As of September 1st, the domestic residential gas price was 6197 yuan/ton, an increase of 430 yuan/ton compared to mid-August. Although domestic refinery output increased to some extent in August, overall supply remained slightly insufficient. Furthermore, the continued closure of the Strait of Hormuz and restrictions on traffic flow in the Panama Canal led to insufficient international resource arrivals and high prices, with landed prices rising to around 6800 yuan/ton. Given the overall market context of insufficient supply and continuously rising costs, domestic liquefied petroleum gas (LPG) prices are expected to continue their strong performance in early September.September 2nd - Early this morning (September 2nd) local time, a spokesperson for Irans Hatem Anbia Central Command issued a statement saying that the US military recently conducted airstrikes on multiple military and non-military targets in southern Iran, causing civilian casualties. In response, Iranian armed forces launched attacks on US military bases in the region using missiles and drones. The statement said the attacks caused serious damage to US infrastructure, weapons, and equipment, and resulted in the deaths and injuries of a significant number of US commanders and soldiers. The statement indicated that military action against the US will continue until the US "regrets its actions." The statement also warned that if the US continues its military operations in the region, it will face a "heavier, broader, and more destructive" response; any country cooperating with the US military must bear the resulting "dangerous consequences."

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