• Data released overnight showed U.S. durable goods orders, a key component of GDP rebounded in July.
   
• U.S. durable goods orders were up 4.4 pct, a sign that an extended decline in production may be over.
   
• Volatility remains thin with little in the offing for short-term traders as markets await the crucial Jackson Hole symposium.
   
• USD/JPY treading water around 10-DMA at 100.38, intraday bias neutral for now.
   
• Supports are seen at 100.38 (10-DMA), 99.93 (Aug 23 low) and 99.50 (trendline).
   
• On the flipside resistance is seen at 101 (20-DMA), 101.29 (double-top July 8, Aug 16) and 102.
   
• Break above 20-DMA at 101 could see test of 102.52 and then 102.83 levels, while a break below 100 levels could see 98.78 levels.
   
• Second estimate of US Q2 GDP due for release later today along with Fed Chair Yellen’s address will be closely watched.