USDJPY: bulls high up

Fundamental analysis:

The US dollar fluctuated around 142.781 against the Japanese yen, the fear of global economic recession led to the broad strengthening of the US dollar, and the growing policy differentiation between the Bank of Japan and the Federal Reserve supported the US dollar. However, before rushing to 141.00, the verbal warning of the Japanese authorities and the selling of exporters may slow down the rise of the dollar. Before continuing to rise, it may consolidate at 139.50-141.00.

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

Technical analysis:

According to the 4-hour chart, the momentum of high-level bulls keeps surging, the short-term bullish sentiment is shrouded, the market bulls continue to move upward, the MACD index is in the long area, and the RSI index is in the weak position near the 80 equilibrium line in the overbought area;

Long and short turning point: 142.480

Pressing position: 143.460, 143.973

Support position: 141.907, 141.410

Trading strategy: bullish above 142.480, target 143.460, 143.973

Alternative strategy: bearish below 142.480, target 141.907, 141.410