USDJPY: shock moves up

Fundamental analysis:

The U.S. dollar remained volatile near 132.857 against the yen. The minutes of the Bank of Japan's policy meeting showed that some policymakers of the Bank of Japan called for attention to the possible impact on the market and household mortgage interest rates when exiting ultra-low interest rates in the future. While there is no immediate need to adjust monetary policy, the BOJ must be mindful of the side effects of prolonged easing and examine the possible impact of higher inflation on wages and household spending "without prejudging". Markets are closed on Monday for Christmas.

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

Brief technical analysis:

Looking at the 4-hour chart: the low-level bullish momentum maintains a narrow range and moves up, the market is bullish, the MACD indicator is in the short area and moves up, and the RSI indicator is hovering below the 50 balance line;

Long-short turning point: 122.642

Suppression: 133.244, 133.685

Support: 132.228, 131.800

Trading strategy: Bullish above 122.642, target 133.244, 133.685

Alternative strategy: bearish below 122.642, target 132.228, 131.800