10The yield of one-year US Treasury bonds has fallen below2%The United States and Japan followed suit with a sharp decline

After the announcement of the Federal Reserve's interest rate decision, the Japanese yen was the strongest and rose against the US dollar1The strongest level since the lunar eclipse. dollar/The Japanese yen fell sharply in line with US bond yields after the Federal Reserve hinted at a rate cut.10The yield of one-year US Treasury bonds has fallen below2%by2016year11For the first time in the month, it closed on1.98%，2The annual yield has also decreased, approaching the daily low1.70%Nearby. On Thursday, the Bank of Japan stated that it will continue to maintain its ultra strong easing policy and maintain its short-term interest rate target at-0.1%unchanged. In addition, the escalating conflict between the United States and Iran has also suppressed the US dollar against the Japanese yen.

4The hourly chart shows that the exchange rate is far below the moving average, and the moving average continues to decline, with technical indicators falling sharply at negative levels.RSIAt present, it is located in an oversold area with no signs of stopping the decline, indicating that selling pressure is still strong. As long as it is located107.80Below, there is still further downward potential for the exchange rate. If the price continues to decline, it may fall below or continue to fall9Month low point106.50。

The US dollar against the Japanese yen continued its previous decline after the announcement of the Bank of Japan's decision. Due to the Federal Reserve's indication overnight that it is ready to cut interest rates as early as next month to address the increasing global and domestic economic risks, the US dollar is currently under continuous pressure against non US currencies. Additionally, the panic indexVIXThe increase once exceeded10%The rising risk aversion among investors has also boosted the yen. Upper resistance level107.80, lower support position107.20。