USD/JPY remained volatile around 146.146. Japanese Finance Minister Shunichi Suzuki: The exchange rate should be determined by the market, and sudden exchange rate fluctuations are not advisable. Exchange rate fluctuations should be determined by fundamentals. Currency fluctuations will be closely monitored.
US dollar yen USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The bullish momentum at the low level is rising rapidly, short-term bullish sentiment is shrouded, the market bulls are constantly moving upward, the MACD indicator is weakly consolidating below the 0 axis, and the RSI indicator is weakly hovering above the 50 equilibrium line;
Resistance levels: 146.305 146.446
Support levels: 145.914 145.747
Trading strategy: Bullish above 146.070, target 146.305 146.446
Alternative strategy: bearish below 146.070, target 145.914 145.747