EUR/USD 1.15582
0.003%
Gold 4426.59
-1.666%
Oil 97.848
0.908%
USD/JPY 159.404
0.067%
GBP/USD 1.33403
0.053%
GBP/JPY 212.654
0.121%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 23 - The Peoples Bank of China will issue the third tranche of central bank bills for 2026 through the Hong Kong Monetary Authoritys Central Moneymarkets Unit (CMU) bond bidding platform on March 25, 2026 (Wednesday). The third tranche of central bank bills has a maturity of 6 months (182 days), is a fixed-rate interest-bearing bond, and will be repaid with principal and interest at maturity. The issuance amount is RMB 60 billion, the interest accrual date is March 27, 2026, and the maturity date is September 25, 2026. The maturity date will be postponed if it falls on a public holiday.On March 23, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.5680%, and the lowest was 0.7550%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.1480%, and the lowest was 1.0230%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.3560%, and the lowest was 1.0050%.The Peoples Bank of China (PBOC) announced today that it conducted 8 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 8 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.On March 23, Qianwen launched its AI-powered ride-hailing feature, allowing users to select vehicle type, add stops, and schedule appointments via voice commands. Currently, with the support of the Alibaba ecosystem, Qianwen offers integrated services across multiple scenarios, including booking flights, hotels, and hailing rides.March 23 - Copper Master (00664.HK), a Chinese copper-based cultural and creative craft products company, is launching its IPO from today until Thursday (March 26), offering 7.4068 million H shares. 10% will be offered to the Hong Kong public, with the remainder allocated to international placement. The offer price ranges from HK$60 to HK$68 per share, raising up to HK$504 million. One lot consists of 100 shares, with an entry fee of HK$6,868.57.

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 

Suggestion