Yesterday the USDJPY reached a high of 155.97 around GMT 01:00, then fell back to record a low of 154.93 shortly after GMT 15:30.

The U.S. interest rate announcement shortly after GMT 19:00 maintained rates at 4.25-4.50%. Market reaction was limited, and trading for the day closed at 155.21 yen.

Today the USDJPY fell directly after the open, and hit a low of 154.46 shortly after GMT 01:00. Attention is focused on Bank of Japan Deputy Governor Himino's speech starting at GMT 06:10.

Looking at the 1-hour chart of the USDJPY (as of GMT 03:20 on January 30), downward momentum is strengthening, with the middle line turning downward. There is potential for further downside movement below 154.

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

The main economic indicators for today are as follows:

• GMT 13:30 U.S. Real gross domestic product (GDP), Q4
• GMT 13:30 U.S. PCE Price Index, Q4
• GMT 13:30 U.S. Core PCE Price Index, Q4