The decline of the US dollar against the Japanese yen has temporarily been restrained

Huitong Network1month13Daily News - Friday（1month13In the Asian session, the decline of the US dollar against the Japanese yen has temporarily been curbed, and the current exchange rate has risen0.40%to115.03Left and right, daily line4The decline of Lianyin is expected to come to an end.

Overnight, the exchange rate plummeted at its lowest point113.73But below50The daily moving average showed a significant supportive effect, with the largest intraday decline decreasing by nearly half, leaving a clear downward trend once again.

fx678Quoting the perspective of an analyst at Rabobank, it is believed that "although Tohiko Kuroda has been more positive in his recent speech, achieving..."2%The inflation target still faces considerable difficulty, and the Bank of Japan is unlikely to shrink its asset purchase plan in the short term

The institution also stated that given the widening policy differences between the monetary authorities of Japan and the United States, there is ample room for the US dollar to reverse its downward trend against the Japanese yen.
The Bank of Japan has limited room for shrinking its asset purchase plan, but the US/There is a possibility of daily reversal

technical analysis

High end pressure level reputation115.09(intraday high)115.33（5Daily moving average and115.53(Yesterday's high). Low level support is seen in114.57(Opening within the day)114(integer bits) and113.84（50Daily moving average).
Japanese yenhttp://news.fx678.com/news/keywords/jpy.shtml