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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

USD/JPY Price Analysis: Aiming for a Six-Year High of 125.10

Larissa Barlow

Apr 06, 2022 09:51

  • The asset has become unbalanced as a result of the Darvas box chart formation exploding.

  • The advance of the 20 and 50-period exponential moving averages indicates that the upside is still intact.

  • The RSI (14) is currently trading inside a positive range of 60.00-80.00.

 

The USD/JPY pair has shifted to an imbalanced state and is closing in on a new six-year high of 125.10, set on March 28 after auctioning in a narrow-range box. On Tuesday, the pair saw a bullish open rejection-reverse session, as the asset declined from its beginning price of 122.80. The major, on the other hand, faced hefty bids to around 122.38 as investors opted for a 'buy the dip' strategy.

 

On the hourly scale, the structure reflects a stronger breakout of a Darvas box chart pattern that is drawn in the region of 121.30-123.00. The Darvas box chart pattern explodes, resulting in an increase in volume and volatility.

 

The 20- and 50-period Exponential Moving Averages (EMAs) remain elevated at 123.35 and 123.00, respectively, indicating that the bullish bias remains intact.

 

Meanwhile, the Relative Strength Index (RSI) (14) has settled comfortably in a bullish range of 60.00-80.00, indicating further gains ahead.

 

If the round level resistance at 124.00 is breached, the asset will accelerate toward the six-year high at 125.10, followed by the one-year high at 125.86 on 1 June 2015.

 

On the other hand, if the yen falls below the 50-EMA at 123.00, bulls can take control of the asset. This will bring the stock back to its March 29 and 30 lows of 121.98 and 121.31, respectively.

Hourly chart of the USD/JPY

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