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In December 2025, new car registrations in France decreased by 5.84%, and Tesla registrations decreased by 66.04%.January 1st - According to the Guangzhou Railway Bureau, the railway transportation period for the New Years Day holiday this year will last for five days, from December 31, 2025 to January 4, 2026. The Guangzhou Railway Bureau expects to transport 11.1 million passengers, averaging 2.22 million passengers per day, an increase of 90,000 passengers, or 4.2%, compared to the same period last year. The peak passenger flow will occur on January 1st, with an estimated 2.792 million passengers, an increase of 394,000 passengers, or 16.4%, compared to the same period last year.January 1, 2026 – The "Tianjin Municipal Regulations on Promoting the Private Economy" will officially come into effect on January 1, 2026. The regulations are comprehensive, comprising 9 chapters and 82 articles, covering seven core aspects: 1) clarifying the overall requirements for promoting the development of the private economy; 2) ensuring equal access and fair competition for private economic organizations; 3) optimizing measures to promote investment and financing for the private economy; 4) promoting technological innovation in private economic organizations; 5) strengthening factor support for the development of the private economy; 6) strengthening the regulation and guidance and rights protection of private economic organizations; and 7) optimizing services and guarantees for private economic organizations.January 1st - Ukrainian President Volodymyr Zelenskyy delivered his New Years address on the evening of December 31st, stating that Ukraine will not pursue peace at any cost, nor does it need a "weak" peace agreement. "What we want is an end to the war, not an end to Ukraine," Zelenskyy said. He added that Ukrainians are "very tired," but this does not mean they will give up, "and anyone who thinks that is making a grave mistake."New Energy Vehicles: 1. Renowned investor and "big short" Michael: Did not short Tesla. 2. SAIC Motor: The companys application for L3 vehicle access is underway. 3. Teslas intelligent assisted driving mileage will exceed 11 billion kilometers by the end of this year, and the incidence of major collision accidents has dropped to 1/8 of the US road average. 4. Tesla significantly reduced the price of electric vehicles in South Korea, with the largest reduction reaching $6,490. Integrated Circuits (Chips): 1. Memory costs soared, and ASUS raised prices starting January 5th. 2. Reports indicate that SK Hynixs first US plant has introduced a 2.5D packaging line. 3. Sources: To meet strong customer demand, Nvidia is contacting TSMC for orders of the new H200 chip; Nvidia currently has only 700,000 H200 chips in stock, while orders have reached 2 million; TSMC is expected to begin capacity expansion in the second quarter of 2026. Artificial Intelligence: 1. Qwen-Image-2512 open source released. 2. Kimis parent company plans a backdoor listing in Hong Kong? Sources close to the Dark Side of the Moon: Fake news. 3. OpenAIs average stock-based compensation reaches $1.5 million, a record for tech startups. Other: 1. The Shanghai Stock Exchange website shows that the IPO application status of LandSpace Technology Co., Ltd. on the Science and Technology Innovation Board has changed to "accepted". 2. Peakfly Aviation completes the first ton-class eVTOL cross-strait flight in China: "Kerry Gull" crosses the Qiongzhou Strait in 9 minutes, with a maximum takeoff weight of 2 tons.

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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