Due in part to the 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), the USDJPY bottomed at 142.88 right after GMT 22:30 on Tuesday before rebounding. The upward trend strengthened around GMT 06:00 on Wednesday, and by just after GMT 20:00, the rate reached 144.84, surpassing the previous day's high. The day's trading closed at 144.74.

Today, the USDJPY hit a low of 144.44 before GMT 01:00, then climbed to around the key 145 level by GMT 04:00. However, it has since pulled back from that point.

Looking at the 1-hour chart of the USDJPY (as of GMT 05:05 on September 26), you can observe that the resistance line at 144.44 turned into support.

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

Today's main economic indicators are as follows.

• GMT 12:30 U.S. Real Gross Domestic Product (GDP), Q2 (final, % QoQ)
• GMT 12:30 U.S. PCE Price Index, Q2 (final, % QoQ)
• GMT 12:30 U.S. Core PCE Price Index, Q2 (final, % QoQ)
• GMT 12:30 U.S. August durable goods orders (MoM)
• GMT 12:30 U.S. August durable goods orders excluding transportation (MoM)
• GMT 12:30 U.S. Initial jobless claims for the previous week
• GMT 12:30 U.S. Continuing jobless claims for the previous week
• GMT 13:20 U.S. Statements from FRB Chairman Jerome Powell
• GMT 14:00 U.S. August Pending Home Sales