The US dollar fluctuated around 144.086 against the Japanese yen, and Japan's real GDP in the second quarter recorded an annualized quarterly rate of 3.5%, a new high since the fourth quarter of 2021. Japanese funds sold us bonds for nine consecutive months.
USD / JPY - 4-hour K-line chart shows:
According to the 4-hour chart, after the rapid pull-up of the Bulls' power, the high-level narrow range consolidation, the action force on the Bulls began to weaken, the MACD index remained in the long area, and the RSI index remained in the long area;
Long short turning point: 143.757
Pressing position: 144.694, 145.236
Support position: 143.149, 142.577
Trading strategy: bullish above 143.757, target 144.694, 145.236
Alternative strategy: bearish below 143.757, target 143.149, 142.577