The US dollar fluctuated around 142.690 against the Japanese yen. Japanese finance minister toshiichi Suzuki reiterated today that if the government observed that the yen continued to fluctuate excessively unilaterally, driven in part by speculation, it would not rule out the possibility of taking any action in the foreign exchange market; The government is ready to take necessary measures in the foreign exchange market.
USD / JPY - 4-hour K-line chart shows:
According to the 4-hour chart, the momentum of high-level short sellers has maintained a choppy downward trend, short-term short sellers have begun to emerge, the market decline may continue, the MACD index is in the long area, and the consolidation moves downward, and the RSI is in the weak position near the 50 equilibrium line;
Long and short turning point: 142.935
Pressing position: 143.625, 144.250
Support position: 142.031, 141.455
Trading strategy: 142.935 bearish, target 142.031, 141.455
Alternative strategy: bullish above 142.935, target 143.625, 144.250