2025.08.21
[August 21] USDJPY continues in wait-and-see mood, unable to sustain 146-yen range
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Recap of previous trading day (August 20)
Yesterday the USDJPY reached a high of 147.81 around GMT 00:30, then moved lower and hit a low of 146.87 shortly after GMT 14:30. Trading for the day closed at 147.32 yen.
Recap of the Tokyo market and outlook going forward
Today the USDJPY reached a high of 147.50 around GMT 01:30 and has been consolidating in the lower 147-yen range.
Looking at the 1-hour chart of the USDJPY (as of GMT 05:10 on August 21), directional momentum has become unclear, but selling on rallies appears to remain an effective strategy.
(20-period Bollinger Band, showing ±1 and ±2 standard deviations)
The main economic indicators for today are as follows:
- GMT 12:30 U.S. Initial jobless claims for the previous week
- GMT 12:30 U.S. Continuing jobless claims for the previous week
- GMT 13:45 U.S. August Manufacturing Purchasing Managers Index (PMI, preliminary)
- GMT 13:45 U.S. August Services Purchasing Managers Index (PMI, preliminary)
- GMT 13:45 U.S. August Composite Purchasing Managers Index (PMI, preliminary)
- GMT 14:00 U.S. July Existing home sales
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