Yesterday the USDJPY hit a low of 143.44 around GMT 00:30 and stopped falling, after which it remained range-bound in the upper 143-yen range.

The U.S. June nonfarm payrolls data announced at GMT 12:30 showed strong results, and the USDJPY surged immediately after the indicator was released, reaching a high of 145.23 yen. Although it fell back, trading remained in the 145-yen range for a while, then closed for the day at 144.91 yen.

Today the USDJPY continued to decline in adjustment from last night's sharp rise, hitting a low of 144.32 around GMT 04:30. As of GMT 05:00, it is trading in the lower 144-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 05:00 on July 4), while the middle line is trending upward, the decline from the sharp rise continues. If the price also breaks below the level around 144.2 yen, it seems likely to return to the 143-yen range.

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

Today, U.S. markets are closed, and no closely watched economic indicators are scheduled for release.