Yesterday the USDJPY showed strong risk aversion sentiment due to uncertainty about Trump tariffs and U.S. policy. After reaching a high of 144.27 yen around GMT 01:30, it moved downward.

Shortly after GMT 14:30, the price touched a low of 142.35 yen and temporarily rebounded before falling again. Trading for the day closed at 142.37 yen.

Today the USDJPY rose following reports that U.S.-China trade negotiations are expected to begin this weekend. Shortly after GMT 04:30, it reached a high of 143.32 yen, but the rise has since paused.

Looking at the 1-hour chart of the USDJPY (as of GMT 05:00 on May 7), buybacks after the decline have slowed, and 143.35 yen appears to be recognized as resistance. If the price gets pushed back from here, it's likely to enter a phase of sell orders on the rise.

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

The main economic indicators for today are as follows:

• GMT 18:00 Announcement on interest rates after U.S. Federal Open Market Committee (FOMC) meeting
• GMT 18:30 U.S. Regular press conference with FRB Chairman Jerome Powell