The US Dollar Fell Against The Yen And The Bottom Of The Shock Zone Was Strong.

< p > on Friday (April 12th), New York's intraday, < a href= "http://www.91se91.com/news/index_cj.asp" > USD < /a > narrowed to the Japanese yen (101.59, 0.1600,0.16%), and the decline for a week was temporarily relieved.

During the day, the US released the beautiful economic data, and the US stock market cut down and lifted the US dollar against the Japanese yen.

Technically, at the bottom of the daily chart, there is strong support at the bottom of the shock interval. Investors still need to pay attention to the support at the top of the 101 integer pass. If the 101 integer pass is broken down, the US dollar JPY decline will likely intensify.

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< p > the us a href= "http://www.91se91.com/news/index_cj.asp" > the economic data < /a > is beautiful, supporting the US dollar to the Japanese yen exchange rate, making its downtrend slow down.

Data show that University of Michigan's consumer confidence index is the highest since July, while the US PPI March rate is the biggest increase since June last year.

Good US economic data improved the risk aversion of the market, and the US stock market slowed down.

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< p > we have combed the recent trend of US dollar against Japanese yen, and the US dollar against Japanese yen has fallen for six consecutive trading days since the US non expected employment report was released on Friday.

The US dollar against the yen's decline, except for the induced factors of last week's non-agricultural data, this week's surge in risk aversion showed that the Fed's minutes did not advance interest rates in advance, and the Japanese central bank did not become more relaxed after the increase in consumption tax.

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< p > on the one hand, a href= "http://www.91se91.com/news/index_cj.asp" > Ukraine < /a > the situation is heating up. Russia may continue to annex Ukraine. On the other hand, the US stock market has experienced a sharp fall in the market, which has made the hedge funds reflow to the Japanese yen.

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< p > during the day, the minutes of the meeting released by the Bank of Japan showed that the Japanese economy continued to recover gradually.

All members agreed that it is appropriate to continue the current monetary policy.

The committee members believe that consumer spending will remain strong after the consumption tax rises, due to the improvement of the job market and wages.

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Investors still need to pay attention to the trend of Japanese economy after P.

This week, Japan's machinery orders and domestic commodity price index data are not as good as expected. If the economic data is further weak, it will give the Bank of Japan more easing pressure.

In addition, the United States, investors should continue to pay attention to the direction of the US economic data. Recently, the US economic data show strong, good U.S. data will not again stimulate the anticipation of the Fed's interest rate hike ahead of time, it is also worth investors' attention.

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Below P technology, the US dollar to Japanese yen daily chart shows that the price is still above the concussion zone.

Technical indicators MACD (12, 26, 9) main line and signal line is also located near the zero axis, showing that the exchange rate trend neutral.

The relative strength index RSI (14) has dropped to below the 50 equilibrium position, indicating that the price dynamics are empty and there is still downward pressure in the short term.

The important support below is at the 101 integer point. Once the position is broken down, the space for the US dollar to fall against the yen is likely to be opened.

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