Yesterday the USDJPY rose almost continuously right from the Tokyo session throughout the day, breaking through what was at that point the high of 160.21 just before GMT 11:00. The price continued to climb, and just before the close recorded a significant new high of 160.86.

Today the USDJPY fell back in reaction to the new high it had set on the previous day. As of GMT 04:00 the market was trading in the middle of the 160-yen range, with no sign of bottoming out.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:10 on June 27), the price can be seen to have broken through the -1 standard deviation of the Bollinger Bands during the fall from the high it set last night.

(20-period Bollinger Band, showing ±1 and ±2 standard deviations)

Today's main economic indicators are as follows.

• GMT 12:30 U.S. Real gross domestic product (GDP), Q1 (final, % QoQ)
• GMT 12:30 U.S. PCE Price Index, Q1 (final, % QoQ)
• GMT 12:30 U.S. Core PCE Price Index, Q1 (final, % QoQ)
• GMT 12:30 U.S. May durable goods orders (MoM)
• GMT 12:30 U.S. May durable goods orders excluding transportation (MoM)
• GMT 12:30 U.S. Initial jobless claims for the previous week
• GMT 12:30 U.S. Continuing jobless claims for the previous week
• GMT 14:00 U.S. May Pending Home Sales (MoM)
• GMT 14:00 U.S. May Pending Home Sales (YoY)