Yesterday the USDJPY moved steadily, reaching a high of 145.46 yen at around GMT 12:00. The U.S. May Consumer Price Index (CPI and Core CPI) announced at GMT 12:30 both showed poor results.

Immediately after the indicator announcement, the price hit a low of 144.32 and rebounded, with trading for the day closing at 144.53.

Today the USDJPY saw dollar selling dominant as U.S. President Trump suggested setting unilateral tariff rates, hitting a low of 143.72 at around GMT 01:30.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:20 on June 12), it shows a downward trend with weak rebounds. If the price breaks substantially below 143.72, the downward trend is likely to continue.

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

The main economic indicators for today are as follows:

• GMT 12:30 U.S. May Producer Price Index (PPI)
• GMT 12:30 U.S. May Producer Price Index (core PPI excluding food and energy)
• GMT 12:30 U.S. Initial jobless claims for the previous week
• GMT 12:30 U.S. Continuing jobless claims for the previous week