The sharp contrast between Japan and the United States on whether to raise interest rates makes the yen climb home

Fundamental analysis:

The USD / JPY remained volatile around 134.354. The dove stance of the Bank of Japan in sharp contrast to the interest rate hike of the Federal Reserve is also an important factor supporting the continuous rise of the exchange rate. After the dollar / yen broke through the pressure around 133, the intervention of attracting some technical buyers also intensified the rise of the exchange rate.

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

Technical comments: the bull power continued to fluctuate and rise in the upper rail section of the Bollinger belt index channel. After the high level reached the node near 134.545, it fluctuated. In the short term or maintain the high level and narrow range consolidation, the bull power still had a further upward trend. The Bollinger belt index showed a good upward trend, and the high level began to close. The MACD index was in the bull region and the high level maintained a concussion and retreat, and the RSI index was in the bull region;

Multi empty turning point: 134.225

Pressing position: 134.775, 135.342

Support position: 133.698, 133.154

Trading strategy: bullish above 134.225, target 134.775, 135.342

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.