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On April 11, news circulated that JD.com was testing a new project called "Open Start" in collaboration with DeepBlue Auto, which was suspected to be related to launching a ride-hailing service. In response, JD Auto stated that it is not involved in a ride-hailing business and that "the new project will launch on April 13."On April 11, at the 2026 Intelligent Electric Vehicle Development High-Level Forum, Li Qiang, Vice President of the Public Cloud Business Unit and General Manager of AI Automotive Industry at Alibaba Cloud Intelligence Group, revealed that more than 30 automakers and intelligent driving solution providers are currently conducting intelligent driving research and development on Alibaba Cloud. The actual use of Pingtouges self-developed "Zhenwu" PPU has exceeded 100,000 calories, setting a record for the largest scale of self-developed AI chips used on a public cloud platform in the automotive industry.According to Lighthouse Pro, as of April 11, the total box office revenue (including pre-sales) for April 2026 exceeded 500 million yuan.April 11 – The China (Inner Mongolia) Pilot Free Trade Zone was officially inaugurated on the morning of April 11, bringing the total number of free trade zones in China to 23. The China (Inner Mongolia) Pilot Free Trade Zone covers an area of 119.74 square kilometers, encompassing three areas: Hohhot Area (76.28 square kilometers, including the Hohhot Comprehensive Bonded Zone of 0.88 square kilometers), Manzhouli Area (25.11 square kilometers, including the Manzhouli Comprehensive Bonded Zone of 1.44 square kilometers), and Erenhot Area (18.35 square kilometers).On April 11th, the High-Level Forum on the Development of Intelligent Electric Vehicles (2026) was held. Su Bo, Vice Chairman of the National Manufacturing Power Construction Strategy Advisory Committee and former Vice Minister of the Ministry of Industry and Information Technology, stated that the 15th Five-Year Plan period is crucial for my countrys transformation from a major automobile producer to a leading automobile power. New energy vehicles must shoulder the national mission of building a strong manufacturing nation, a strong science and technology nation, a strong transportation nation, and achieving the "dual-carbon" goals. By 2030, new energy vehicles will become the absolute mainstay of the automobile market, with a domestic penetration rate exceeding 70%. The goal of building a leading new energy vehicle nation is expected to be achieved ahead of schedule by the end of the 15th Five-Year Plan period.

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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