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February 10th – The 2026 Taiwan Affairs Work Conference was held in Beijing from February 9th to 10th. Wang Huning, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chairman of the National Committee of the Chinese Peoples Political Consultative Conference, attended and delivered a speech. Wang Huning stated that it is essential to adhere to the one-China principle and the 1992 Consensus, unite with the vast majority of Taiwan compatriots, firmly support patriotic forces for reunification on the island, resolutely combat "Taiwan independence" separatist forces, oppose external interference, and safeguard peace and stability across the Taiwan Strait. He emphasized the need to uphold the concept of "both sides of the Taiwan Strait are one family," facilitate smooth and convenient exchanges between people across the Strait, expand grassroots and non-governmental exchanges, support Taiwan people, especially young people, to study, work, and live on the mainland, promote the joint development of Chinese culture, and foster spiritual harmony among compatriots on both sides. He also stressed the importance of supporting the development of Taiwan businesses on the mainland, improving policies and measures that benefit Taiwan compatriots and enterprises, deepening cross-strait integrated development, and enabling compatriots on both sides to share the opportunities and achievements of Chinas modernization.Japan Oil, Gas and Metals Corporation: The spot price for liquefied natural gas (LNG) in Japan in January is US$11.30 per million British thermal units (MMBtu); the spot CIF price for LNG in Japan in January is US$11.20 per MMBtu.February 10th - Overnight, US stocks rose slightly, while Hong Kong stocks continued their strong performance from yesterday, breaking through the 10-day moving average at the open. The Hang Seng Index opened 175 points higher at 27202, before slightly retreating to 109 points. Subsequently, driven by capital inflows, it surged as much as 370 points to a high of 27397. At the close, the Hang Seng Index rose 0.54% in the morning session, while the Hang Seng Tech Index rose 0.84%. The total turnover of the Hang Seng Index market was HK$133.82 billion. On the sector front, artificial intelligence continued its strong upward momentum, with film, pharmaceutical outsourcing, and biopharmaceutical stocks leading the gains. Semiconductor stocks rose for the second consecutive day. Education, aviation, tourism, and dairy stocks were weak, while mainland property stocks retreated. In terms of individual stocks, Lexin Outdoor (02720.HK) surged over 121.8% on its first day of trading, Zhipu (02513.HK) rose over 21%, and CSPC Pharmaceutical Group (01093.HK) gained over 6%; New Oriental (09901.HK) fell 4.7%, and Meituan (03690.HK) and Haidilao (06862.HK) both dropped 3%.The yield on 40-year Japanese government bonds fell 4.0 basis points to 3.775%.On February 10th, according to Qichacha APP, Guangzhou Xiaopeng Motors Technology Co., Ltd. recently applied for and published a patent for "Humanoid Robot Control Method, Device, and Humanoid Robot". The patent abstract shows that this invention relates to the field of robot control technology, specifically to a humanoid robot control method, device, and humanoid robot. The method involves acquiring upper body posture data corresponding to the operator; this upper body posture data includes pitch, tilt, and yaw data; performing component processing on the upper body posture data to generate target upper body posture data corresponding to the humanoid robot; acquiring the current upper body posture data corresponding to the humanoid robot; and controlling the humanoid robot based on the target upper body posture data and the current upper body posture data. This forms a closed loop of "acquisition-processing-feedback-control", dynamically correcting posture deviations to ensure the robot accurately replicates the operators intentions while also considering motion smoothness and operational stability.

USD/JPY Price Analysis: Double Top Formation Supports Bearish Reversal, 128.00 Targeted

Daniel Rogers

May 10, 2022 10:48

After reaching a fresh multi-year high of 131.35 on Monday, the USD/JPY pair experienced a sharp decline. The difference between the new multiyear high and the previous high of 131.26, reached in the last week of April, is negligible. Therefore, the recent high may be categorized as an unsuccessful attempt to establish above the previous high.

 

The asset produced a Double Top pattern on a four-hour time frame, indicating a bearish reversal after the successful retesting of the prior highs. The key resistance is established by the high of April 28 at 131.26.

 

Notable is the flattening of the 20-period and 50-period Exponential Moving Averages (EMAs) at 130.42 and 129.94 respectively, which indicates weariness in the uptrend.

 

Meanwhile, the Relative Strength Index (14) has switched from a bullish range of 60.00-80.00 to a consolidation range of 40.00-60.00, indicating a contraction in volatility.

 

The yen bulls could enjoy a brief ride if the asset falls below the 50-EMA at 129.94, which would take the currency towards Thursday's low at 128.76. A break of the latter will bring the asset to the round level support at 128.00.

 

In contrast, the dollar bulls could regain control if the asset surpasses the multi-year high at 131.35. This will take the pair toward the 15 April 2002 high of 132.38, followed by April's high of 132.82.

USD/JPY

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