USDJPY: bullish strong shock up

Fundamental analysis:

The US dollar fluctuated around 137.230 against the Japanese yen, and the support rate of the government of Japanese Prime Minister Fumio Kishida dropped 16 percentage points to 36%, the lowest level since he took office in October last year. Japan's political stability has a strong attraction for long-term overseas investors. The decline in the support rate of Kishida's Government may aggravate people's concern about Japan's return to the "revolving door" era of 2006-2012.

US dollar and Japanese yen USDJPY - 4-hour K-line chart shows:

Technical analysis:

According to the 4-hour chart, the momentum of the Bulls maintains a good momentum of concussion, and the short-term upward trend may continue. The bullish sentiment of the market continues and there is no sign of stopping. The MACD index is hovering at the high level of the bulls, and the RSI index is in the narrow range of the high level of the bulls;

Long and short turning point: 137.230

Pressing position: 137.866, 138.243

Support position: 136.817, 136.488

Trading strategy: bullish above 137.230, target 137.866, 138.243

Alternative strategy: bearish below 137.230, target 136.817, 136.488