Yesterday the USDJPY fell back after peaking at the high of 145.17 it reached at around GMT 07:30.

The market continued to decline into the end of the session, and the close for the day broke into the 143-yen range with a price of 143.92.

Today the USDJPY marked a low of 143.68 early in the morning, then began to rise, hitting a high of 144.48 shortly after GMT 03:00.

Looking at the 1-hour chart of the USDJPY (as of GMT 03:05 on August 28), the horizontal line represented by the 144.45 yen level, which has functioned as support many times in the past, seems to be becoming the midpoint of a sideways market.

One productive approach might be to aim to capture the trend that comes into being when the price deviates with momentum from this line.

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

There are no closely watched economic indicators today.

Trading may be characterized by a gradual reduction in price movement ahead of the employment statistics on Thursday.