Yesterday the USDJPY began to fall in the first half of the Tokyo session, hitting a low of 145.18 shortly after GMT 06:00. From there it recovered little by little, closing for the day at 146.54.

Today was a so-called "5/10 day" (a date ending in "5" or on a multiple of "10" on which Japanese companies often settle foreign exchange payments), but the USDJPY began to fall at some point after GMT 23:00, reaching a low of 145.84 shortly after GMT 01:00. From there the price rose, and not long after GMT 03:30 it was trading in the upper half of the 146-yen range.

The 1-hour chart of the USDJPY (as of GMT 03:35 on August 20) shows the price rebounding after breaking below the -2 standard deviation of the Bollinger Band, and making a small recovery.

The upper and lower bands have also tightened drastically, indicating that the trend has lost momentum.

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

No major economic indicators or comments by influential individuals are scheduled for today.