In yesterday's market the US dollar-Japanese yen rate traded in a range bound by the high of 151.54 and the low of 151.05.

New home sales announced yesterday for February came in at a seasonally adjusted annual rate of 662,000, compared to estimates of 675,000. Month on month, February new home sales fell 0.3% versus a forecast of +2.1%.

In the morning session of the Tokyo market, the yen trended down if anything to hit a low of 151.21 just after 10:00.

Looking at the 60-minute chart of the yen versus the dollar (as of 12:05 on March 26), the width of the Bollinger Bands was contracting with the middle line also flat and not indicating any particular direction going forward.

(20-period Bollinger Band, showing +1 SD, +2 SD)

Today's main economic indicators are as follows.

• 21:30 U.S. February durable goods orders (MoM)
• 21:30 U.S. February durable goods orders excluding transportation (MoM)
• 22:00 U.S. January Case-Shiller home price index (MoM)
• 23:00 U.S. March Richmond Fed manufacturing index
• 23:00 U.S. March Consumer Confidence Index (Conference Board)

Multiple economic indicators of medium importance are due to be announced overnight, Japan time.