Yesterday, after the Bank of Japan's monetary policy meeting announced unchanged interest rates, the USDJPY reached a high of 153.62 yen past GMT 02:30, then turned downward.

At the press conference starting at GMT 06:30, Governor Ueda indicated that with reduced risks to the U.S. economy, the "time to spare" expression previously used might become unnecessary. The USDJPY's downward trend strengthened, falling below 152 yen after GMT 08:00. It temporarily returned to 153 yen around GMT 14:00, but reached a low of 151.83 yen past GMT 19:30, ending the day's trading at 152.02 yen.

Today's the USDJPY saw yen buying during Tokyo hours, touching 151.78 yen past GMT 23:30 on October 31, but as of GMT 04:00, is trading in the mid-152 yen range.

Looking at the the USDJPY 1-hour chart (as of GMT 04:20, November 1), the decline has paused and turned upward, crossing above the middle line. However, caution is needed as there may be pushback while aiming for the 153 yen line. U.S. employment statistics will be released today at GMT 12:30.

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

Today's main economic indicators are as follows.

• GMT 12:30 U.S. October Nonfarm payrolls
• GMT 12:30 U.S. October Unemployment rate
• GMT 12:30 U.S. October Average hourly earnings
• GMT 13:45 U.S. October Manufacturing Purchasing Managers Index (PMI, revised)
• GMT 14:00 U.S. October ISM Manufacturing PMI