USDJPY: High level shock up

Fundamental analysis:

The US dollar remained volatile against the Japanese yen at 145.124. On the 5th, the Ministry of Health, Labor and Welfare of Japan approved two new crown vaccines of Pfizer, one of which can deal with the current mainstream Omicron virus subtype "BA. 5", and the other one is targeted at children aged 6 months to 4 years. This is the first time that Japan has approved a new crown vaccine for people under 4 years of age, and the coverage will be extended to almost all people. Houlao Province said that the vaccine for people under the age of 4 will be sent to the local government in the week starting from the 24th.

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

Technical analysis:

The 4-hour chart shows that after the bulls' power maintained a high level and fluctuated in the range, they began to break through slowly upwards, and the bulls' sentiment began to emerge slowly. The MACD index hovered on the top of the 0 axis, and the RSI index was in the narrow range of the 50 balanced online side;

Empty turning point: 144.951

Pressing: 145.472, 145.806

Support: 144.626, 144.321

Trading strategy: bullish on 144.951, target 145.472, 145.806

Alternative strategy: bearish at 144.951, target 144.626, 144.321