Yesterday the USDJPY declined from a high of 158.39 reached around GMT 23:00, touching a low of 157.58 around GMT 12:30. The decline paused there, and trading for the day closed at 158.12.

Today the USDJPY touched a low of 157.93 around GMT 01:00, then rose to reach a high of 158.28 shortly after GMT 02:30, and as of GMT 04:00 is moving in the lower half of the 158-yen range.

With U.S. employment statistics scheduled for release at GMT 13:30 today, there is little momentum in the market.

Looking at the 1-hour chart of the USDJPY (as of GMT 03:50), the middle line is almost horizontal, indicating this timeframe is trendless.

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

Today's main economic indicators are as follows.

• GMT 13:30 U.S. December Nonfarm payrolls
• GMT 13:30 U.S. December Unemployment rate
• GMT 13:30 U.S. December Average hourly earnings
• GMT 15:00 U.S. January Michigan Consumer Sentiment, preliminary