USDJPY: Bulls up

Fundamental analysis:

USD/JPY remained volatile around 137.676. The current deputy governor of the Bank of Japan, Amamiya and the former deputy governor, Nakaso, are both on the list of candidates for the governor of the Bank of Japan, but the list of candidates will not be the only ones Two people. The government is seeking a new joint agreement with the Bank of Japan to replace the one reached in 2013, and it does not rule out the possibility that the Bank of Japan can achieve a sustainable inflation target in 2023.

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

Brief technical analysis:

Looking at the 4-hour chart: the bulls are getting bigger and maintain a narrow range and then slowly go up, short-term bullish sentiment emerges, the upper side is slowly going up, the MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is in a narrow range on the side of the 50 balance line;

Long-short turning point: 137.431

Suppression: 138.134, 138.612

Support: 136.953, 136.433

Trading strategy: Bullish above 137.431, target 138.134, 138.612

Alternative strategy: bearish below 137.431, target 136.953, 136.433