On Friday of last week the USDJPY moved firmly since the opening. President Trump announced that he would hold a second round of trade negotiations with China on the 9th, and dollar buying continued due to expectations of easing U.S.-China relations.

The U.S. May employment statistics released at GMT 12:30 showed good results, and the price reached a high of 145.08 yen at around GMT 15:00. Trading for the day closed at 144.83 yen.

Today the USDJPY reached a high of 144.95 yen shortly after GMT 00:30, but has been trending somewhat weakly, and as of GMT 04:30 it is consolidating around 144.4 yen.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:45 on June 9), the middle line maintains an upward slope, but the price has broken below the 144.40 yen area that had been functioning as resistance. There is also the possibility of an adjustment decline to around the 143.50 yen area.

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

Today, no closely watched economic indicators are scheduled for release.