Yesterday the USDJPY reached a high of 145.44 around GMT 00:00 before falling back, hitting a low of 144.32 around GMT18:00.

However, after the FOMC announced it would maintain its policy and indications that Fed Chair Jerome Powell, would maintain his hawkish stance, buying emerged, pushing the dollar up to the 145.20-yen range. Trading for the day ended at 145.10.

Today the USDJPY hit a low of 144.73 around GMT 01:00 before reversing, reaching a high of 145.21 around GMT 03:00. There are reports that the United States may launch an attack on Iran, making risk-averse dollar buying more likely.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:30 on June 19), it continues to fluctuate within a range, making it difficult to discern the direction. At present, the most promising scenario seems to be either breaking above the resistance level of 145.46 or breaking below the recent support level of 144.32.

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

Today, U.S. markets are closed, and no closely watched economic indicators are scheduled for release.