The dollar remained volatile against the yen at 146.236. When the Japanese government intervened in the foreign exchange market to support the yen, retail investors increased their bets on further weakening of the yen. The market speculated that the Japanese authorities intervened in the foreign exchange market again on Friday and Monday to help support the yen.
USD and JPY - 4-hour K line chart shows:
The 4-hour chart shows that the short market momentum continues to fluctuate downward, and the short-term decline may continue. The previous low is just around the corner, the MACD indicator is in the short market area and continues to decline, and the RSI indicator is in the weak side of the 50 equilibrium line;
Empty turning point: 146.405
Pressing: 146.886, 147.381
Support: 145.781, 145.273
Trading strategy: bearish at 146.405, target 145.781, 145.273
Alternative strategy: bullish above 146.405, target 146.886, 147.381