2024.08.27 [August 27] Price has bottomed in 143-yen range for now, currently rising in leisurely fashion
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Recap of previous trading day (August 26)
Due in part to the absence of price-moving news, yesterday the USDJPY bottomed at a low of 143.44 at around GMT 01:00, then flipped into a leisurely rise.
By around GMT 18:30 it had recovered to the point that it marked a high of 144.65.
Recap of the Tokyo market and outlook going forward
Today the USDJPY changed direction after bottoming at the low of 144.23 it hit some time after GMT 23:00, and had climbed to the neighborhood of 145 yen by shortly after GMT 03:30.
Looking at the 1-hour chart of the USDJPY (as of GMT 03:30 on August 27), the price rebounded after breaking below the recent low of 144.45, and is once again trading in the zone above this line.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
Today's main economic indicators are as follows.
- GMT 13:00 U.S. June Case-Shiller home price index (YoY)
- GMT 14:00 U.S. August Consumer Confidence Index (Conference Board)
- GMT 14:00 U.S. August Richmond Fed manufacturing index
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