Yesterday the USDJPY hit a low of 149.52 around GMT 00:00, and although it briefly exceeded 150.00, it was quickly pushed back. However, in the first half of Tokyo trading hours, following news suggesting a possible delay in the Bank of Japan's December rate hike, it rose again, reaching a high of 151.23 around GMT 13:00. The rise then stalled, with trading for the day closing at 150.54.

Today the USDJPY reached a high of 150.77 around GMT 23:00, then declined, hitting a low of 150.18 around GMT 01:30. As of GMT 04:00, it is trading in the lower 150-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 03:40 on December 5), the middle line is approaching horizontal. With many upper wicks on the up bars, if the price breaks below today's low of 150.18, it appears likely to decline further.

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

The main economic indicators for today are as follows:

• GMT 13:30 U.S. October Trade balance
• GMT 13:30 U.S. Initial jobless claims for the previous week
• GMT 13:30 U.S. Continuing jobless claims for the previous week