Price movement in the USDJPY yesterday had the same sort of rhythm as that of the day before yesterday. After marking a high of 156.48 at around GMT 01:30, the price continued to fall, and hit a low of 154.55 some time after GMT 14:00.

JOLTS Job Openings for the U.S. in April that were announced yesterday came in at 8.059 million, compared to a forecast of 8.355 million. The previous figure also fell, and was a factor in the USDJPY hitting its low.

Today the price began trending upward in the first half of the Tokyo session, setting a high of 155.59 at about GMT 03:00.

Looking at the 1-hour chart of the USDJPY (as of GMT 03:15 on June 5), the price continued to fall after touching the middle line of the Bollinger Band, and has now resumed walking along the lower band.

(20-period Bollinger Band, showing ±1 and ±2 standard deviations)

Today's main economic indicators are as follows.

• GMT 12:15 U.S. May ADP employment change (MoM)
• GMT 13:45 U.S. May Services Purchasing Managers Index (PMI, revised)
• GMT 13:45 U.S. May Composite Purchasing Managers Index (PMI, revised)
• GMT 14:00 U.S. May ISM Services PMI