Yesterday the USDJPY reached a high of 146.28 yen around GMT 01:00 before turning lower. The administration appealed the U.S. International Trade Court's order to partially suspend Trump tariffs, and dollar selling accelerated due to uncertainty over the outlook for tariff policy.

The price hit a low of 143.96 shortly after GMT 18:00, and trading for the day closed at 144.17.

Today the USDJPY traded weakly as the U.S. High Court recognized that Trump tariffs were effective for the time being. Shortly after GMT 01:00, it reached a low of 143.43 yen, and as of GMT 04:00, it is trading in the upper 143-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on May 30), the price continues to trade below the middle line. As long as it fails to break above the resistance line around 144.2 yen, it seems appropriate to maintain a downward outlook.

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

The main economic indicators for today are as follows:

• GMT 12:30 U.S. April Personal Consumption Expenditures (PCE)
• GMT 12:30 U.S. April Personal Consumption Expenditures (PCE deflator)
• GMT 12:30 U.S. April Personal Consumption Expenditures (PCE core deflator, excluding food and energy)