Yesterday the USDJPY followed a weak trend with a high of 144.55 shortly after GMT 21:30 (on June 11), after reports that U.S. President Trump suggested setting tariff rates unilaterally.

U.S. economic indicators released at GMT 12:30 also showed poor results, and immediately after the announcement, the price hit a low of 143.18. Although it rebounded afterward, trading for the day closed at 143.47 yen.

Today the USDJPY hit a low of 142.79 yen around GMT 00:30, as the yen was bought as a safe-haven asset following reports of Israeli airstrikes on Iran. as of GMT 05:00 is trading in the upper 143-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 05:00 on June 13), the downward band walk has paused and it is rebounding. The middle line is still sloping downward and the market is focusing on selling on rallies, but if it breaks above 144.0 yen, a return to an upward trend is also possible.

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

The main economic indicators for today are as follows:

• GMT 14:00 U.S. June Michigan Consumer Sentiment, preliminary