Inflation pushes up global bond yields traders test BoJ

Fundamental analysis:

The USD / JPY remained volatile around 135.369. As soaring inflation pushed up global bond yields, traders increasingly tested the Bank of Japan. The Bank of Japan is expected to eventually change its stance on yields, as the RBA did last November.

USD / JPY - 4-hour K-line chart display:

Technical comments: the upper rail section in the multi head power continuation Bollinger belt index channel continues to be in the process of high-level consolidation. After short-term consolidation, it continues to continue to pull up near the upper rail. After the Bollinger belt index shows a closing trend, it begins to open its mouth. MACD index is in the multi head area to maintain consolidation and translation, and RSI index is in the process of maintaining consolidation and slowly moving up in the multi head area;

Multi empty turning point: 135.203

Pressing position: 136.012, 136.599

Support position: 134.664, 134.035

Trading strategy: bullish above 135.203, target 136.012, 136.599

Alternative strategy: bearish below 135.203, target 134.664, 134.035

The above analysis is a personal point of view and is for reference only.