Yesterday the USDJPY continued to rise from its low of 152.61 directly after opening, surpassing 153 around GMT 00:00. Around GMT 13:30, it reached a high of 153.95 before pausing, then traded in a range-bound market in the upper 153 range. Trading for the day closed at 153.70 yen.

Today's USDJPY declined from around GMT 23:00 (November 11), touching 153.47 before turning upward and reaching 154.05 around GMT 02:00. However, it failed to extend gains further, and as of GMT 04:00, is trading around the mid-153 level.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on November 12), the width of the Bollinger Bands was contracting. Although it exceeded 154, after breaking above the +2 standard deviation level it fell back, and if it breaks below today's low of 153.47, there is a possibility it could transition into a downward trend.

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

Today, no closely watched economic indicators are scheduled for release.