Tokyo's December Inflation Drops to 2%, Easing Price Pressure Concerns
- Inflation Slowdown: Tokyo's core consumer price index rose 2.3% year-over-year in December, down from 2.8% in November, primarily driven by lower utility costs and slower food price increases, although it remains above the BoJ's 2% target, indicating persistent underlying price pressures.
- Monetary Policy Outlook: The Bank of Japan raised rates to 0.75% last week, the highest level in nearly three decades, and despite the inflation slowdown, the central bank signaled that further rate increases are likely if economic conditions support tightening, suggesting continued monetary policy tightening.
- Market Reaction: Amid three consecutive Fed rate cuts, markets now price in two additional cuts in 2026; however, precious metals like gold and silver significantly outperformed cryptocurrencies, reflecting a shift in investor preference towards traditional safe-haven assets amid economic uncertainty.
- Changing Investor Preferences: The strong performance of precious metals contrasts sharply with the weakness of cryptocurrencies, indicating that in the face of ongoing economic uncertainty and geopolitical tensions, investors are favoring assets with established industrial applications, particularly as silver demand surges in solar panel manufacturing.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00286 | 0.0164 | 0.0265 | 0.04 | 0.0501 | 0.0636 | 0.0737 |
| Fibonacci | 0.0164 | 0.0254 | 0.031 | 0.04 | 0.049 | 0.0546 | 0.0636 |
About BANK
About the author
