US dollar/Japanese yen

Insights from the March 1, 2006 through Feb. 28, 2007 review of the USD/JPY pair:

1. The average daily range was 0.92 points and 79 percent of the daily ranges were between 0.41 and 1.20 points. The daily range exceeded 2.00 points only 14 percent of the time.

2. The daily close-to-close changes were between -0.75 and +0.75 points 86 percent of the time. The close-to-close changes exceeded +1.00 points only 4 percent of the time and exceeded -1.00 points just 1.5 percent of the time.

3. On 73 percent of up-closing days, the market dropped no more than 0.30 points below the previous day’s close.

4. On 72 percent of down-closing days, the market rallied no more than 0.30 points above the previous day’s close.

5. From Jan. 2 through Feb. 28, 2007, the 9:00 hour (9 to 10 a.m. CT) had the largest average 60-minute range (0.26 points); the median range for this hour was 0.20 points. The 7:00 hour (7 to 8 a.m. CT) had the next highest average 60-minute range (0.25 points); the median was 0.21 points.