USDJPY: High level range sorting

Fundamental analysis:

The US dollar remained volatile against the Japanese yen at 144.776. Judging from the current statement of the Bank of Japan, its monetary policy easing is still difficult to change in the short term, which means that the monetary policy environment has undergone huge changes or is difficult to appear in the short term. As the external tightening continues, the intensification of the interest rate spread effect will also make the weak yen that maintains the current policy path continue.

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

Technical analysis:

The 4-hour chart shows that after the short-term bull shock moves up, the high narrow range shocks. The bull power has signs of waiting for an opportunity to enter, but it is still weak for the first time. The MACD index is narrow on the upper side of the 0 axis and the RSI index is weak on the upper side of the 50 equilibrium line;

Empty turning point: 144.658

Pressing position: 145.122, 145.488

Support position: 144.213, 143.867

Trading strategy: bullish above 144.658, target 145.122, 145.488