13 Jan, 2025
5 minutes
Daily Technical Analysis：USD/JPY、Crude Oil
Welcome to our daily technical analysis of the financial markets, focusing today on USD/JPY and Crude Oil. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. USD/JPY Analysis:
News Summary:
Such a strong non-farm payrolls report in December may not only help reshape U.S. interest rate expectations but also reshape interest rate expectations in other countries through exchange rate effects. The yen fell to its lowest level against the dollar since July last year, adding to inflationary pressures in Japan and potentially raising the possibility of another rate hike by the Bank of Japan. Japanese authorities have been warning about excessive volatility in foreign exchange markets in recent weeks. Admittedly, the Japanese authorities will have some discussions about when to intervene in the market again.
Trend Analysis:
We can see USD/JPY H4 level has retreated from a high level and is running below the 48 hours moving average. In addition, the MACD energy column and double line expand near the zero axis. The sell limit could be placed, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [156.00]
Key Resistance Levels: [158.80]
Pivot Points [158.00]
2. Crude Oil Analysis:
News Summary:
Oil prices were boosted by better-than-expected non-farm payroll data last Friday, hitting a three-month high of $77.86 per barrel, but then fundamental news seemed to be ignored due to non-farm payrolls. The United States has imposed sanctions on more than 30 Russian oil service companies, involving Iranian oil tankers, as well as any individuals and companies that cooperate with Russian energy. These news may drive the oil market this week, causing the market to open oil prices above US$80 per barrel.
Trend Analysis:
We can see crude oil continues to rise and gradually moves away from the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy bar are expanding above the zero axis. The buy limit could be used, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [75.50]
Key Resistance Levels: [81.00]
Pivot Points [77.00]