On Friday of last week the USDJPY fell all at once after reaching a high of 146.48 shortly before GMT 14:00, subsequently hitting a low of 144.04 not long after GMT 19:30.

Looking back at the USDJPY this month, despite plummeting to the 141-yen range on August 6 the price rebounded immediately and has since traded in the zone above 145 yen, which tends to be thought of as a critical level. However, the price fell below 145 yen on Thursday and Friday of last week, where trading for the week ended.

Although the USDJPY lacked momentum today, the price hit a low of 143.44 before GMT 01:00.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on August 26), despite breaking below the recent low of 144.45 it seems to have lost downward momentum for the time being, breaking above the -1 standard deviation of the Bollinger Band at the close.

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

Today's main economic indicators are as follows.

• GMT 12:30 U.S. July durable goods orders (MoM)
• GMT 12:30 U.S. July durable goods orders excluding transportation (MoM)