The governor of the Bank of Japan said that the Fed's interest rate hike would not necessarily cause the yen to weaken

Fundamental analysis:

The USD / JPY remained volatile around 127.091. The governor of the Bank of Japan, Toshihiko Kuroda, said that the Fed's interest rate hike would not necessarily cause the continued weakness of the yen, saying that a variety of factors would affect the money market. The Fed's interest rate hike may affect US bonds and US stocks, and Japanese capital may not continue to flow into the United States. Stimulated by his speech, the yen strengthened slightly.

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

Technical comments: the short power continued to fluctuate downward in the middle and lower rail section of the Bollinger belt index channel. After the low level reached the node near 126.354, it began to maintain a narrow range of concussion and translation in the middle and lower rail section. The Bollinger belt index continued to close. The MACD index maintained a weak position in the short area below the 0 axis and moved upward slowly. The RSI index maintained a narrow range of consolidation below the 50 equilibrium line;

Multi empty turning point: 127.356

Pressing bit: 127.722, 128.126

Support position: 126.769, 126.377

Trading strategy: down 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.