The Bank of Japan can only normalize monetary policy when inflation is close to 2%

Fundamental analysis:

The dollar fluctuated around 129.763 against the yen. Adachi, a member of the Bank of Japan, said that the Bank of Japan would continue to implement easing policies. It is too early to tighten monetary policy. The Bank of Japan must wait until consumer inflation (excluding the cost of fuel and volatile fresh food) approaches 2% before implementing monetary policy normalization.

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

Technical comments: the bull power continued to vibrate and pull up near the upper rail of the Bollinger belt index channel. After the high level reached the node near 130.238, it began to sort out. The short-term short power waited for the opportunity to move in and move down. The Bollinger belt index began to close and continue to pull up after the opening trend. The MACD index remained in the high level of the bull region and the RSI index remained in the weak shock below the 50 equilibrium line;

Multi empty turning point: 129.946

Pressing position: 130.277, 130.617

Support position: 129.401, 129.119

Trading strategy: down at 129.946, with targets of 129.401 and 129.119

Alternative strategy: bullish above 129.946, target 130.277, 130.617

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