Yesterday the USDJPY moved strongly as dollar buying and yen selling progressed amid uncertainty over Trump tariffs. The price reached a high of 146.97 around GMT 15:00 then paused, and trading for the day closed at 146.53.

Today the USDJPY strengthened its upward trend starting with a low of 146.51 immediately after opening, and has been recording new highs amid some consolidation. The price reached a high of 147.18 around GMT 03:00, and as of GMT 05:00 is moving in the lower 147-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on July 9), after contracting, the width of the Bollinger Bands has expanded again and the upward Bollinger Band walk continues. It seems appropriate to maintain a buying perspective, considering consolidation as a time for profit-taking

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

The main economic indicators for today are as follows:

• GMT 18:00 U.S. Federal Open Market Committee (FOMC) Meeting Minutes