Ultima Markets[Market Analysis] Once the support is broken, the Japanese yen2024Annual Meeting...

todayUltimaMarkets Bringing you 2023 year 12month 19dayIn depth analysis.

Fundamental points

•       退出负利率将支撑日元升值：日本央行若在今日利率决议上转变负利率政策，在其他主要央行即将开始降息的2024年，美元兑日元届时将面临极大的下行压力。
•       日元看空持仓减少：美国商品futuresTrading Committee（CFTC）截至12month12日的数据，资产管理人员在最近几个月逐渐减少了对日元的看跌押注，因为市场情绪开始逐渐转变。
  

technical analysis

Daily chart analysis

(USD/JPY daily chart, sourceUltimaMarkets MT4）

•        Random oscillation index：上周指标在50中位线发出空头信号后，目前进入超卖区域即将形成反转趋势。这一定程度上暗示了当前空头短期占据上风，但是仍然不能确定汇价跌至当前价位，是否有进一步的可能性。
•        200Daily moving average：从近一年的汇价趋势来看，200日均线是多空方向的分水岭。一旦跌破移动支撑位，则场外观望的交易者或将入场，日元贬值颓势或将彻底扭转。
  

1Hour chart analysis

USD/JPY1Hour chart, sourceUltima Markets MT4）

•        Random oscillation index：指标昨日再度发出空头信号，暗示短期汇价仍处于下跌趋势，不能轻易逆着大趋势做多。
•        Resistance suppression interval：上周四以来的反弹趋势较为明显地形成旗形震荡结构，旗形区域上沿以及12month11日以来下跌趋势的下行通道线下沿，联合压制汇价进一步反弹。
•        65Periodic moving average：由于旗形区域下沿一带同时也是65周期均线附近，因此短期汇价受阻概率较大，但若是继续跌破，则行情短期看向前低141一代。
  

Hub Line Indicators

USD/JPY1Hour chart, sourceUltima Markets MT4）

•        according toUltima Markets MT4InpivotIndicator, daily central price level142.663，
•        142.663Upward bullish, first goal143.290Second objective143.797
•        142.663Under bearish, first target142.165Second objective141.538
  

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.