The USDJPY exchange rate moved within a narrow range from 144 yen to 145 yen during the Tokyo-London session on the previous day. However, following the announcement of U.S. economic indicators, the rate rose to 145.34 yen shortly after GMT 00:30 and reached a high of 145.55 yen around GMT 02:40.

From there, the rate declined towards the market close, with the day's closing price returning to 144.97 yen.

The U.S. Q2 (April-June) real gross domestic product (GDP, revised figure) announced on this day showed a 3.0% increase on an annualized basis compared to the previous quarter, exceeding the forecast of 2.8%, which became a factor for dollar buying.

Today the USDJPY exchange rate until GMT 05:00 remained within a range of the high 144 yen to low 145 yen, with no clear direction. As the U.S. Personal Consumption Expenditures (PCE) report is scheduled to be released, it is expected that the market will continue to move without significant changes until then, similar to yesterday.

The 1-hour chart of the USDJPY (as of GMT 04:20 on August 30) shows the market remains in a "range-bound" state, centered around the mid-144 yen level.

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

Today's main economic indicators are as follows.

• GMT 12:30 U.S. July Personal Income (MoM)
• GMT 12:30 U.S. July Personal Consumption Expenditures (PCE, MoM)
• GMT 12:30 U.S. July Personal Consumption Expenditures (PCE core deflator, excluding food and energy, MoM)
• GMT 13:45 U.S. June Chicago Purchasing Managers Index
• GMT 14:00 U.S. August Michigan Consumer Sentiment, final