Changes in the exchange rate of the deputy governor of the Bank of Japan should reflect Fundamentals

Fundamental analysis:

The U.S. dollar fluctuated around 130.070 against the Japanese yen. The deputy governor of the Bank of Japan, Akira wabata, said that the sharp fluctuation of the exchange rate will make it difficult for enterprises to make business plans, so it is not welcome. We do not want to use monetary policy to solve the problem of cost driven inflation. We should not take foreign exchange as the target when guiding monetary policy, and the change of the exchange rate should reflect the fundamentals.

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

Technical comments: the nodes near the upper rail of the Bollinger belt index continued to vibrate and rise, reaching a high of 130 After finishing the nodes near 179, the short-term long-term upward trend may continue, the Bollinger belt index is in the closing trend, the MACD index is in the long area and keeps moving upward, and the RSI index is in the long area and keeps moving upward to the 80 equilibrium line of overbought area;

Multi empty turning point: 129.946

Pressing position: 130.384, 130.666

Support position: 129.703, 129.421

Trading strategy: bullish above 129.946, target 130.384, 130.666

Alternative strategy: bearish below 129.946, target 129.703, 129.421

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