Yesterday the USDJPY rose steadily from the open, and after GMT 01:30 mainly traded in a range in the upper 153-yen range.

Following the strong U.S. CPI and Core CPI results released at GMT 13:30, the USDJPY rose significantly, reaching a high of 154.80 around GMT 15:30, and trading for the day closed at 154.41.

Today the USDJPY has been trading mainly in the lower 154-yen range without clear direction until GMT 04:00.

Looking at the 1-hour chart (as of GMT 04:00 on February 13), prices continue to trade above the middle line, and the upward trend appears likely to continue. If it breaks above 155 yen, the next target appears to be 158, which was reached in January.

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

Today's main economic indicators are as follows.

• GMT 13:30 U.S. January Producer Price Index (PPI)
• GMT 13:30 U.S. January Producer Price Index (core PPI excluding food and energy)
• GMT 13:30 U.S. Initial jobless claims for the previous week
• GMT 13:30 U.S. Continuing jobless claims for the previous week