Yesterday the USDJPY hit a low of 142.37 yen around GMT 23:30 (on June 2), then saw concentrated dollar buying due to BOJ Governor Kazuo Ueda's comments indicating he is in no rush to raise interest rates and positive results from the U.S. April JOLTS job openings data, leading to a firm trend.

The price reached a high of 144.11 around GMT 16:30 and trading for the day closed at 143.90.

Today the USDJPY hit a high of 144.29 yen shortly after GMT 01:00, and as of GMT 05:00 is rising again toward the recent high.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:45 on June 4), it has returned to levels before the decline and the uptrend continues. If the price breaks above the recent high of 144.29, the next target appears to be 145.

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

The main economic indicators for today are as follows:

• GMT 12:15 U.S. May ADP employment change
• GMT 13:45 U.S. May Services Purchasing Managers Index
• GMT 13:45 U.S. May Composite Purchasing Managers Index
• GMT 14:00 U.S. May ISM Services PMI
• GMT 18:00 U.S. Regional FRB economic reports