2024.11.27
2024.11.27
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Yesterday the USDJPY began declining from its high of 154.49 yen around GMT 23:30. When news emerged about Israel holding a cabinet meeting regarding a ceasefire with Lebanon, dollar selling intensified in the market, and the rate hit a low of 152.98 around GMT 13:00. Trading for the day closed at 153.09 yen.
Today the USDJPY has continued to decline from its high of 153.23 directly after the open, and as of GMT 04:00, it is trading around the mid-152 level.
Looking at the 1-hour chart of the USDJPY (as of GMT 04:00, November 27), the candlesticks are moving between -1 standard deviation and -2 standard deviations, suggesting the downward trend is likely to continue.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
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