Us and Japan: rapid high-level decline and shock

Fundamental analysis:

The USD / JPY remained volatile around 132.337. Japan's chief cabinet secretary, hiroichi Matsuno, will pay attention to the impact of the Fed's interest rate hike on the economy. The Bank of Japan is expected to implement appropriate monetary policy.

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

Technical comments: the short power continued to fluctuate and fall near the brin zone index off the track. After the low level reached the node near 131.465, it rebounded in a short time. The market as a whole was still at a high level and retreated after the shock. The brin zone index continued to open its mouth. The MACD index was in the short area and maintained a weak shock and moved down. The RSI index was in the short area and maintained a shock and consolidation;

Multi empty turning point: 132.580

Pressing position: 133.209, 133.873

Support position: 131.753, 131.178

Trading strategy: bearish below 132.580, target 131.753, 131.178

Alternative strategy: bullish above 132.580, target 133.209, 133.873

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