Yesterday the USDJPY touched a low of 148.62 yen shortly after GMT 00:00, then rose and subsequently traded in the mid 149-yen range.

Indicators released at GMT 15:00 all showed weak results, and the price temporarily reached a high of 149.88 yen before falling back. Trading for the day closed at 149.07 yen.

Today the USDJPY touched a low of 148.74 yen just after GMT 23:30 (on February 26) amid cautious sentiment regarding 25% tariffs on the EU. After reaching a high of 149.40 yen just after GMT 02:30, the price has been trading in the lower 149-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on February 27), it is trading within a range of plus/minus 2 standard deviations without direction.

(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, revised), Q4
• GMT 13:30 U.S. January durable goods orders
• GMT 13:30 U.S. Initial jobless claims for the previous week
• GMT 13:30 U.S. Continuing jobless claims for the previous week
• GMT 15:00 U.S. January Pending Home Sales