Japanese Prime Minister Fumio Kishida is not considering adjusting the sales tax at present

Fundamental analysis:

The dollar fluctuated around 127.213 against the yen. Japanese Prime Minister Fumio Kishida: according to the agreement reached between the government and the Bank of Japan in 2013, the Bank of Japan is expected to stably achieve the inflation target of 2%. The Bank of Japan is not a subsidiary of the government. Considering the current energy supply constraints, if security is guaranteed, nuclear energy should be used to the greatest extent. The adjustment of sales tax is not considered at present.

USD JPY - 4-hour K-line chart shows:

Technical comments: the bearish strength continues the narrow consolidation of the middle and lower rail section of the brin belt index channel and slowly goes down. After reaching the node near 126.354 at the low level, it reverses and moves up. After touching the node near the middle rail, there are signs of continuing to go down. The brin belt index is in the dynamic state of being short and moving downward. The MACD index is in the low position of the short area to maintain consolidation, and the RSI index is in the weak position below the 50 equilibrium line;

Long short turning point: 127.356

Pressing bit: 127.722, 128.126

Support position: 126.769, 126.377

Trading strategy: bearish below 127.356, target 126.769, 126.377

Alternative strategy: bullish above 127.356, target 127.722, 128.126

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