The weak yen has a negative impact on importers and households

Fundamental analysis:

The USD / JPY fluctuated around 134.387. The weak yen has a negative impact on importers and households. Once the cost driver disappears, the medium-term inflation rate will be far lower than the target of the Bank of Japan. It is appropriate for the Bank of Japan to maintain a loose monetary policy.

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

Technical comments: the bullish power continued to fluctuate and rise in the upper rail section of the Bollinger belt index channel. The high level fluctuated after reaching the node near 134.475. After a short-term retreat, it rose again. The bullish trend was good, and there was no sign of the final stop of the upward trend. The Bollinger belt index showed a continuous upward trend. The MACD index was in the bull area and maintained the consolidation and translation, and the RSI index hovered below the 80 equilibrium line in the overbought area;

Multi empty turning point: 134.225

Pressing position: 134.775, 134.342

Support position: 133.698, 133.154

Trading strategy: bullish above 134.225, target 134.775, 134.342

Alternative strategy: bearish below 134.225, target 133.698, 133.154

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