Yesterday the USDJPY rose from a low of 155.35 hit shortly after GMT 00:30. Trump's announcement of major AI development investments contributed to dollar strength.

Around GMT 14:30, momentum increased further, reaching a high of 156.70 around GMT 17:00. The price rise then stalled, with trading for the day closing at 156.49.

Today the USDJPY touched a low of 156.28 around GMT 01:00, then turned upward, reaching a high of 156.61 around GMT 02:00. As of GMT 04:00, it is trading in the mid 156-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 January 23), the price broke above the consolidation range with the middle line showing an upward angle. A move above 157 and higher is possible.

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

The main economic indicators for today are as follows:

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