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On June 10, Wang Yubo, Deputy Secretary of the Yunnan Provincial Party Committee and Governor of Yunnan Province, met with a delegation led by Vasanta Samarasinghe, Minister of Trade, Commerce, Food Security and Cooperation Development of Sri Lanka, who was in Yunnan to attend the 10th South Asia Expo and the 30th Kunming Trade Fair. Wang Yubo stated that Yunnan will earnestly implement the important consensus reached by the two heads of state, providing Sri Lanka with "three exemptions and three conveniences" support, jointly promoting bilateral trade, and strengthening cooperation in areas such as industrial development, cross-border e-commerce, transportation and logistics, science and technology, and cultural exchanges, contributing to the high-quality Belt and Road Initiative and the building of a China-Sri Lanka community with a shared future.On June 10, the Cyberspace Administration of China (CAC) convened a national conference on internet ecosystem governance in Beijing. The conference emphasized the need to clarify goals and tasks, focus on key priorities, and continuously improve the capacity for internet ecosystem governance. Efforts should be made to strengthen both short-term and long-term solutions, improve the effectiveness of special campaigns, refine long-term governance mechanisms, and ensure the implementation of institutional measures. Efforts should also be made to strengthen basic management, strictly control internet access points, key traffic entry points, and entry points for new business models and applications. Furthermore, efforts should be made to strengthen platform responsibility, enhance platform rule governance, improve account management efficiency, strengthen platform operation management, and regulate and manage minors internet use. Finally, efforts should be made to strengthen technological empowerment, promote the development of emerging technologies while mitigating their drawbacks, enrich technological means in line with the times, and proactively plan for the positive application of technology.On June 10, Russian Foreign Ministry spokeswoman Maria Zakharova stated at a regular press conference that Russia will respond effectively and firmly to the new round of EU sanctions. Zakharova also expressed deep concern about the renewed escalation of the situation in the Middle East and called on all parties to exercise restraint. Russia hopes that all parties to the conflict will return to a political and diplomatic solution as soon as possible.It is reported that Israel is preparing to launch another strike against Iran.US President Trump: Iran cannot pay its military pay or any bills and is rapidly becoming a failing state!

Price Analysis: EUR/JPY Daily Rising Wedge Targeting 143.00

Daniel Rogers

Nov 23, 2022 16:01

 截屏2022-11-23 上午9.53.21.png

 

The EUR/JPY continues to consolidate within an ascending wedge, after ending Tuesday with tiny losses of 0.04% due to a risk-on sentiment. At the start of the Asian trading session, the EUR/JPY exchange rate is 145.48, representing a slight gain of 0.01%.

 

As noted previously, a rising wedge emerged on the EUR/JPY daily chart, with the bulk of daily lows acting as dynamic support after the 50-day Exponential Moving Average (EMA). In spite of the fact that the cross continues to move steadily, there has been less price action during the past four days. This would suggest that the EUR/JPY exchange rate is stable or that a breakout is near.

 

If the EUR/JPY reaches 146.00, it could accelerate a rally toward the year-to-date (YTD) highs near 148.40; however, buyers must first overcome crucial resistance levels. The first is the rising wedge top trendline close to 146.50, followed by the 9 November daily high at 147.11. After the psychological 148.00 is reached, the next objective will be 149.00.

 

If the EUR/JPY breaks below the rising wedge, the 50-day exponential moving average (EMA) around 144.12 would provide first support. A breach of this level will expose the 143.00 level, followed by the November 11 swing low of 142.54.

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