The dollar remained volatile against the yen at 142.954. Junichi Suzuki, the Japanese Finance Minister, said that if the yen continued to depreciate significantly, no options would be excluded when taking action in the foreign exchange market. Concerned about the recent sharp unilateral depreciation of the yen.
USD and JPY - 4-hour K line chart shows:
The 4-hour chart shows that the momentum of high short positions remains weak and the trend of short-term decline may continue. The overall short positions in the market begin to emerge. The MACD indicator hovers on the top of the 0 axis, and the RSI indicator narrows on the bottom of the 50 equilibrium line;
Empty turning point: 143.212
Pressing position: 143.757, 144.302
Support position: 142.369, 141.837
Trading strategy: 143.212 lower bearish, target 142.369, 141.837
Alternative strategy: bullish above 143.212, target 143.757, 144.302