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On April 20th, Huawei officially launched its first ultra-wide folding smartphone, the Huawei Pura X Max. The entire series is equipped with the Kirin 9030 Pro chip, HarmonyOS 6.1 operating system, and a Lingxi CPU paired with the Ark Memory Engine. Huawei claims this improves overall performance by 30%.Huawei Terminal: The number of terminal devices supporting HarmonyOS 6 has exceeded 55 million.A senior Iranian source said that Irans "defense capabilities," including its missile program, are not within the scope of negotiations.On April 20, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. On the afternoon of April 19, 36,000 people in Japan rallied around the Diet building to strongly protest the Takaichi Sanae governments attempt to amend the constitution. Protesters held signs reading "Oppose War," "Dont Violate Article 9 of the Constitution," and "Takaichi Resign," calling for the protection of the pacifist constitution. What is the spokespersons comment on this? Guo Jia-kun responded: "We have also noticed that Japans constitutional amendment movement has aroused increasing doubt and opposition within Japan, among its Asian neighbors, and in the international community." Guo Jia-kun pointed out that Japanese militarism committed atrocities against the people of China and other Asian countries, and also brought profound suffering to the Japanese people. Therefore, the issue of Japanese constitutional amendment concerns the post-war international order and Japans future, and has always received high attention from the international community and its Asian neighbors. However, Japan has so far failed to deeply and thoroughly reflect on its history of aggression, and some forces are even attempting to glorify and whitewash its crimes of aggression, pushing Japan to accelerate its "remilitarization," leading to the rise of a new type of militarism that threatens regional peace and stability. The international community should be highly vigilant about this. "Preventing the resurgence of militarism is Japans due obligation and the firm will of the international community, including China. We urge Japan to learn from history, abide by its international obligations, and adhere to the path of peaceful development," Guo Jiakun said.Iranian Foreign Ministry spokesman Bagaei: There are currently no plans for a second round of negotiations with the United States.

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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