USD/JPY remained volatile around 146.251. Bank of Japan member Naoki Tamura: Price trends are uncertain. Ending negative interest rates is an option if the inflation target is achieved from January to March next year. The sequence and pace of the BOJ's exit from its easing will depend on the state of the economy at that time.
USDJPY - 4-hour K-line chart shows:
Brief technical analysis:
4-hour chart: After the short-term high retracement moves downward, it maintains a wide range of fluctuations. The market bulls continue to move upward, and there are signs of continued upward movement in the short term. The MACD indicator is hovering above the 0 axis, and the RSI indicator is consolidating near the 50 equilibrium line;
Resistance level: 145.409 146.569
Support level: 146.000 145.825
Trading strategy: Bullish above 146.160, target 145.409 146.569
Alternative strategy: bearish below 146.160, target 146.000 145.825