The U.S. dollar remained volatile against the yen around 147.467. Japan's annual wholesale price inflation slowed for the eighth consecutive month in August, providing some relief to Japanese households and retailers who have been hit by sharp increases in raw material import prices in the past.
USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The high bull power continues to fluctuate and rise, short-term bullish sentiment is shrouded, the market bulls continue to rise, the MACD indicator maintains consolidation in the bull zone, and the RSI indicator hovers weakly above the 50 equilibrium line;
Resistance level: 147.657 147.845
Support level: 147.165 147.000
Trading strategy: Bullish above 147.347, target 147.657 147.845
Alternative strategy: bearish below 147.347, target 147.165 147.000