Jan 29 - No Confirmation of ITD 1 / MTD 8 low arrival yet

I still can't get today's candle to close above the high of the signal day (90.079). This doesn't mean that ITD 1 / MTD 8 low has not arrived at 89.127. It could have arrived, but there's no confirmation that I am looking for yet.

Since no new low is made today, signal day remains the same at Jan 27.

Tomorrow we will have US Q4 GDP announcement which could potentially be better than forecast, and may support USD JPY. The consensus is for 4.2%, but some major banks have raised their estimates recently. Here are some articles
http://www.calculatedriskblog.com/2010/01/q4-gdp-beware-blip.html
http://www.streetinsider.com/Analyst+Comments/JPMorgan+Raises+Q4+US+GDP+Growth+Forecast+from+4.5%25+to+5.7%25/5251369.html

Keep an eye on the event.