The total amount of the supplementary budget for 2022 approved by the Japanese parliament is 2.7 trillion yen

Fundamental analysis:

The USD / yen remained volatile around 128.689. The Japanese parliament passed the supplementary budget for 2022 on May 31, with a total amount of 2.7 trillion yen, part of which will be used to cope with rising prices.

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

Technical comments: the bull power continues to fluctuate and rise near the upper rail of the Bollinger belt index channel. After the high level reaches the node near 128.895, it starts to sort out. The short-term bull pull-up power may continue. The Bollinger belt index continues to open its mouth. The MACD index is in the process of maintaining the shaking and slowly moving up in the bull region, and the RSI index is in the 50 equilibrium. The online side maintains the sorting and continues to move up for sorting out;

Multi empty turning point: 128.555

Pressing bit: 128.983, 129.270

Support position: 128.273, 127.971

Trading strategy: bullish above 128.555, target 128.983, 129.270

Alternative strategy: bearish below 128.555, target 128.273, 127.971

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