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USDJPY Continues Bullish?which online trading platform is best in malaysia

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A Breakthrough In The Russo-Ukrainian War, USDJPY Continues Bullish?

which online trading platform is best in malaysia-HXFXglobal-A Breakthrough In The Russo-Ukrainian War, USDJPY Continues Bullish?Technical Analysis

The risk aversion in the market has cooled down, and the USDJPY could go long with low position.
【Strategy】
Investors can consider marginal Long at price 120.8. Target 122.9, Stop loss is 119.5.
【News】
The new round of negotiations between Russia and Ukraine has made significant progress, and the two sides have reached a consensus on Ukraine’s neutral status, which also cooled the market’s risk aversion. It also caused the USDINDEX to fall back to around 98.0 to 98.2 again. The Bank of Japan announced an increase and additional purchases of Japanese government bonds, causing the yield of Japan’s 10-year government bond, which is a long-term interest rate indicator, to plummet again. The Bank of Japan will purchase Japan at a yield of 0.25% from March 29 to 31. 10-year treasury bonds and the purchase amount is unlimited. Overall, the deadlock between Russia and Ukraine has been broken. In the short term, the USDINDEX may show a decline due to the cooling of risk aversion. However, in the medium term, the USDJPY may continue to show an upward trend due to different monetary policies.
【Technical】
From the D1 range, although the quotation is on the upper track of Bollinger, it has fallen below the MA5 moving average, indicating that there may be a short-term correction. The sub-index MACD’s multi-party kinetic energy is decreasing, and the KD appears at a high level, which is beneficial to investors’ buy layout with low position.
*The above contents are the opinions of third-party media commentators, and do not represent the position of this platform. The opinions are for reference only. Investors should make independent judgments, prudently evaluate and bear investment risks at their own risk.

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