Yesterday the USDJPY touched a low of 153.84 at around GMT 00:30, but following Bank of Japan Governor Kazuo Ueda's comments, which were seen as dampening expectations for an early rate hike, it temporarily exceeded 155.00 around GMT 01:00. Though it subsequently fell back, it rose again around GMT 08:30. Around GMT 13:00, it reached a high of 155.35 but failed to move higher, and trading for the day closed at 154.65.

Today the USDJPY moved down directly after the open, marking a low of 153.95 around GMT 03:00. As of GMT 04:00, it continues to trade in a range-bound market in the lower 154-yen range.

Looking at the USDJPY 1-hour chart (as of GMT 03:50 November 19), the middle line has started to slope downward, with the price falling along the -2 standard deviation line. If it breaks below yesterday's low of 153.84, it looks likely to test even lower levels.

(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 Housing starts
• GMT 13:30 U.S. October Building permits