Worried About The Japanese Central Bank's &Nbsp; The US And Japan Once Again Rose Slightly.

On Monday, Japanese media reported that the authorities had sold yen to intervene in the market.

Yesterday morning, Japanese media reported that Japanese authorities had sold yen.

Faced with the imperative of the US Federal Reserve QE3, it may further push up the trend of the Japanese yen.

The global central bank this Friday (August 26th) will hold a regular annual meeting in Jackson Hole, Wyoming, Jackson.

Ben Bernanke, chairman of the Federal Reserve, will give an important speech on economic and monetary policy at the central bank's meeting.

In August 26th last year, at the regular annual meeting of the Jackson City global central bank, Bernanke hinted that the Federal Reserve would launch the second round of quantitative easing (QE2) in order to avoid a two dip in the US economy.

More than two months later, the Fed announced in November 4th that it would buy $600 billion of treasury bonds.

At present, many US economic data are "disappointing", and Wall Street investment banks have downgraded the US economy.

If Bernanke hinted at the Jackson Hole central bank annual meeting that a new round of monetary stimulus would be introduced, it would lead to the risking of risky assets such as the global stock market, and the US dollar would be under the double pressure of risk aversion and the increase in the US dollar.

It may again push the US dollar further down against the yen.

Meanwhile, the European debt crisis has not yet been resolved, and many countries oppose issuing it.

But the Bank of Japan will not take all measures to prevent further appreciation of the yen.

Japanese finance minister Noda Kahiko (Yoshihiko Noda) said on Monday (August 22nd) that Japan will take decisive action on any speculative activities in the foreign exchange market, suggesting that the authorities are ready to intervene to prevent the yen from rising further.

Noda Kahiko said he thought the exchange market trend was more unilateral than before, and that the Japanese authorities would exchange information with other countries on exchange rates, implying that Japan would be closely related to other members of the group of seven (G7).

Noda Kahiko told reporters on Monday: "we will see more closely than ever about whether there is any speculation.

We will not rule out any action and act decisively when necessary. "

Noda Kahiko, Japanese Prime Minister Naoto Kan (Naoto Kan) and Japanese Cabinet Secretary Eno Yukio (Yukio Edano) reiterated the same wording yesterday, indicating that this has become a warning that Japanese authorities may be about to intervene.

In the early morning of the Asian market, the US dollar went up 77 against the yen.

From the random indicators and MACD indicators, the formation of gold fork and further upward divergence signs, suggesting that the exchange rate is still further higher energy and space.

The initial resistance level is near the 20 day moving average 77.20, and the resistance level is 78, the initial support level is 76.40, and the more is 75.95..