USDJPY: oscillating down

The U.S. dollar against the yen remained volatile around 128.194. The U.S. Navy applied to the Okinawa prefectural government of Japan to use the Shimojijima Airport in Miyakojima City, Okinawa Prefecture, for helicopter training on the 31st of this month. If the application for use is approved, it will be the first time in 17 years that the U.S. military has used the airport again. According to the report, Okinawa County currently has objections to the application of the US military.

US dollar yen USDJPY - 4-hour K-line chart shows:

Looking at the 4-hour chart: the low-level bulls move up slowly, but the downward trend remains. After a short-term pull-up, they move down again. The MACD indicator is in the short position and the RSI indicator is hovering weakly below the 50 balance line;

Long-short turning point: 128.353

Suppression: 128.939, 129.693

Support: 127.678, 127.226

Trading strategy: bearish below 128.353, target 127.678, 127.226

Alternative strategy: Bullish above 128.353, target 128.939, 129.693