Yesterday the USDJPY started from a low of 155.32 directly after the open, then broke through 156 after GMT 02:30.

Around GMT 20:00, FRB Chairman Jerome Powell's remarks that the U.S. economy was performing well and that there was no rush to cut interest rates triggered buying in the market. The USDJPY reached a high of 156.42 and trading ended at 156.25.

As a 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), today the USDJPY hit a high of 156.74 after GMT 00:30. As of GMT 04:00, it is trading in the lower 156-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 on November 15), the middle line continues to trend upward. While the price is moving from +2 standard deviation toward +1 standard deviation, the upward trend appears likely to continue.

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

The main economic indicators for today are as follows:

• GMT 13:30 U.S. October Retail sales
• GMT 13:30 U.S. November NY Empire State Manufacturing Index
• GMT 14:15 U.S. October Industrial production