On Friday of last week the USDJPY saw a wait-and-see mood prevailing ahead of the weekend and month-end, resulting in small movements in the 144-yen range. Moving up and down without direction, the price hit a low of 144.17 around GMT 07:00, hit a high of 144.94 shortly after GMT 14:30, and trading for the day closed at 144.64.

As a so-called "5/10 day" (a date ending in "5" or on a multiple of "10" on which Japanese companies often settle foreign exchange payments), today the USDJPY hit a high of 144.76 shortly after GMT 00:30, turned to decline after the TTM (Telegraphic Transfer Middle Rate) passed, and hit a low of 144.0 around GMT 04:30. President Trump stated regarding the reciprocal tariff suspension deadline approaching on July 9 that "there is no need to extend it," and selling pressure on the dollar is increasing.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:50 on June 30), the middle line is beginning to slope downward and is about to break below 144 yen. If the price breaks below here, the next target appears to be around 143.50 yen.

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

The main economic indicators for today are as follows:

• GMT 13:45 U.S. June Chicago Purchasing Managers Index