[May 28] With the U.S. market closed yesterday, there was no trend in the yen.

2024.05.28 [May 28] With the U.S. market closed yesterday, there was no trend in the yen.

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Recap of previous trading day (May 27)

Due in part to the U.S. stock market being on holiday yesterday, the USDJPY remained directionless throughout the day. Naturally there was no news from the U.S., and with nothing notable from Japan and other markets either, the market stayed range-bound in the 156-yen zone for the whole of the day.

Recap of the Tokyo market and outlook going forward

Yesterday the USDJPY hit a high of 156.95 at around GMT 22:00 but then began to fall back, marking a low of 156.62 not long after GMT 04:00.

Looking at the 1-hour chart of the USDJPY (as of GMT 05:55 on May 28), we see that there is no widening of the Bollinger Bands, and that the price is fluctuating within the range indicated by the bands.