With market wariness about the start of voting for the House of Representatives leading to yen-buying becoming dominant, yesterday the USDJPY declined to 149.08 at around GMT 03:30, but started to trend upward in the second half of the Tokyo session.

After the market broke above the 150-yen level at around GMT 09:30, it sold off and at one point fell back into the 149-yen range, but rose again during the New York session. Shortly after GMT 20:30 it hit a high of 150.88, and closed for the day more or less unchanged at 150.81.

During the early stages of today's Tokyo session, the USDJPY declined in leisurely fashion, but shortly after GMT 01:00 it hit a low of 150.49 yen and began to increase, surpassing the high of the previous day. Not long after GMT 04:00, the price briefly exceeded 151 yen.

Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 on October 22), the price is trading above the upwardly trending middle line and mostly above the +1 standard deviation, confirming the upward swing of the market.

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

Today's main economic indicators are as follows.

• GMT 14:00 U.S. October Richmond Fed manufacturing index