Recently, the Bank of Japan once again kept its policy steady, maintaining the target interest rate at 0.75%, marking the third consecutive time. However, this time the voting split was quite large, passing 6 to 3, whereas before it was 8 to 1. Governor Ueda Shinji's comments at the press conference sounded somewhat hawkish, saying they will continue to raise rates based on the situation, but also mentioning that the Middle East situation has uncertainties and there’s no need to rush to hike rates for now. This signal has a significant impact on USD/JPY.



USD/JPY is currently stuck around the 160 psychological level, unable to break higher. Since mid-March, it has been repeatedly consolidating below 160, and market bullish sentiment remains strong. If it can hold steady at 159, it might surge toward 160 or even 163. Conversely, if it falls below 159, caution is needed at the 157 support level. Support levels are 159, 158, 157; resistance levels are 160, 162, 163.

Looking at EUR/USD, it recently fell 0.17%, touching 1.1686. The AO indicator shows increasing downward momentum, with short-term support at 1.1670. If EUR/USD effectively breaks below 1.1670, it could test 1.1600. However, mid-term, EUR/USD is still likely consolidating in the range of 1.1560 to 1.1960, with a good rebound trend. Support levels are 1.1670, 1.1600, 1.1470; resistance levels are 1.1850, 1.1950, 1.2000.

On the Philadelphia Semiconductor Index, it previously rose for 18 days in a row, but on Monday, it fell 1%, ending the streak. It is now at 10,251 points. Although still in an accelerating upward phase, caution is advised as a top may be near. If it can hold above 10,000 points, a rebound to 11,000 or even 12,300 is possible. But if it falls below 10,000, watch out for a pullback to 9,500.

Nvidia recently hit a new all-time high, rising 4% to reach $216.8. It broke through previous resistance levels, indicating a new wave of upward momentum may have begun. The outlook remains for sideways upward movement, with a key window in mid-May to watch. If it can stay above $210, it may challenge $226. The mid-term uptrend remains solid; support levels are 210, 200, 189; resistance levels are 220, 226, 240.
USDJPY0.14%
EURUSD200-0.09%
NVDAX-0.60%
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