Yesterday the USDJPY touched 148.84 yen shortly after GMT 00:30, then turned upward while fluctuating, reaching a high of 149.87 yen shortly after GMT 13:30. It fell back afterward but maintained a price above 149 yen, and trading for the day closed at 149.71 yen.

As a so-called "5/10 day" (a date ending in "5" or on a multiple of "10" on which Japanese companies often settle foreign exchange payments), today the USDJPY rose directly after the open, reaching a high of 150.30 shortly after GMT 01:00. However, it struggled to extend gains afterward, and as of GMT 04:00, it has fallen to the mid-149 yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on February 25), it has been pushed back after exceeding +2 standard deviations, but if this decline becomes a dip, there is a possibility of pursuing higher prices beyond last week's high of 150.73.

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

The main economic indicators for today are as follows:

• GMT 14:00 U.S. December Case-Shiller home price index
• GMT 15:00 U.S. February Richmond Fed manufacturing index
• GMT 15:00 U.S. February Consumer Confidence Index (Conference Board)