He Debin: Beware Of Japan'S Intervention In Foreign Exchange Market Again

Data released by the American Chamber of Commerce job market No signs of improvement, September American Chamber of Commerce Consumer The confidence index fell sharply to 48.5, much lower than the 52.5 expected by the market. In August, the revised data was 53.2 and the initial value was 53.5. The data is not only lower than expected, but also below the 50 level of demarcation, suggesting that consumer confidence has shrunk dramatically, and this has also led to a decline in consumer confidence. dollar After the publication of the data, it fell sharply and reached the lowest level since February, 79.04.

USD / JPY hit 83.82 place, the lowest level since the Bank of Japan intervened in the market in September 15th. This trend has raised the expectation that the Bank of Japan will intervene again in the market.

Today's upcoming Japanese Short Watch report is clearly confirmed by the latest trade figures released on Monday. The short term survey released by the Bank of Japan today may further exacerbate the situation. It is expected that the pace of improvement in business confidence in Japan will slow down or the government will inject more funds into the market to counteract the appreciation of the yen.

EUR / USD: the upper resistance is 1.3755 and 1.3670, and the support is 1.3500 and 1.3360. Buy around 1.3505, target close near 1.3615, stop at 1.3425 below.

GBP / USD: the upper resistance is seen at 1.5865 and 1.5930, and the underlying support is 1.5710 and 1.5600. Buy around 1.5730, target close near 1.5890, stop at 1.5647 below.

USD / JPY: the upper resistance is 84.35 and 85.18, and the underlying support is 83.55 and 82.80. Sold near 84.30, the target was closed near 83.40, and the stop was above 84.90.

USD / Canadian Dollar: the upper resistance is seen at 1.0355 and 1.0470, the underlying support is 1.0243 and 1.0185, and is sold near 1.0360, and the target is closed at 1.0220, and the stop is above 1.0405.

AUD / USD: the upper resistance is 0.9850 and 0.9750, and the underlying support is 0.9460 and 0.9565. Buy around 0.9605, target close near 0.9710, stop at 0.9525 below.

The principle of making a plate is to focus on shorting the dollar and doing more than the United States. The above strategy is for reference only. If the profit reaches more than 30 points, it will be profitable or fair. Prevent profits from turning into losses.

Today's data are:

Short view large manufacturing industry prosperity judgement index!! 07:50, Japan's three quarter short view large manufacturing industry prospect index! 07:50 Japan's three largest non manufacturing enterprise prospect index! 07:50 Japan's three quarter small manufacturing enterprise prospect index! 07:50 Japan three quarter short cut all industry index! 07:50 Japan three quarter short view small manufacturing industry prosperity judgement index! 07:50 Japan three quarter short view small manufacturing industry climate judgement index! 08:00 Australia July leading indicator!! 10:00 New Zealand August money supply! 14:45 French September consumer confidence index!!! September September business confidence index!!!! August August producer price index!!! British August consumer credit! 07:50 Japan's three quarter short view large non manufacturing industry sentiment index 07:50 Japan three quarter

16:30 British M4 money supply in August! Euro zone September confidence index in service industry! Euro zone September industrial confidence index!! euro zone September economic confidence index! Euro zone September business climate index! Euro zone September consumer confidence index! Switzerland Switzerland KOF leading indicator!!! American week MBA mortgage application! Canada Canada industrial product price index!!! Canada Canada raw material price index!