Japan's prime minister said the Bank of Japan is trying to stabilize its inflation target of 2%

Fundamental analysis:

The dollar fluctuated around 127.115 against the yen. Japanese Prime Minister Fumio Kishida: it is expected that the Bank of Japan will strive to achieve the inflation target of 2% stably and sustainably. Do not want sudden fluctuations in foreign exchange. The depreciation of the yen is beneficial to exporters and enterprises with overseas assets. The falling yen has led to rising prices and harmed the interests of consumers. The specific monetary policy is decided by the Bank of Japan.

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

Technical comments: the short power continued to fluctuate downward in the middle and lower rail section of the Bollinger belt index channel, and began to vibrate and translate after reaching the node near 126.354 at the low level. The short-term short power continued to move downward. The Bollinger belt index showed a slow opening trend and began to close after descending. The MACD index was in the low position in the short area, maintained weak consolidation and moved upward slowly, and the RSI index was under the 50 equilibrium line, maintained narrow consolidation;

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.