2025.02.19 [February 19] Yen selling somewhat dominant, USDJPY returns to 152 level
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Recap of previous trading day (February 18)
Yesterday the USDJPY hit a low of 151.23 around GMT 23:30 (on February 17), then rebounded to reach a high of 152.22 around GMT 05:00, but failed to extend gains further, moving in a narrow range between the upper 151-yen and lower 152-yen levels.
Recap of the Tokyo market and outlook going forward
Today the USDJPY was focused on the speech by hawkish Bank of Japan board member Hajime Takata. However, there were no surprises, and after hitting a low of 151.75 around GMT 01:30 and a high of 152.31 around GMT 02:00, the pair has been trading in the upper 151-yen range.
Looking at the 1-hour chart of the USDJPY (as of GMT 03:50 on February 19), while the price is fluctuating above and below +1 standard deviation, the middle line remains horizontal, making it difficult to grasp a clear directional trend.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
- GMT 13:30 U.S. January Housing starts
- GMT 13:30 U.S. January Building permits
- GMT 19:00 U.S. Federal Open Market Committee (FOMC) Meeting Minutes
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