Yesterday the USDJPY showed an upward trend from shortly after the opening, reaching a high of 147.18 around GMT 02:00.

Following the release of the U.S. June FOMC meeting minutes, dollar selling began due to expectations of rate cuts within the year, hitting a low of 146.25 shortly after GMT 18:00, and trading for the day closed at 146.32 yen.

Today the USDJPY saw yen buying after U.S. President Trump announced the imposition of 50% tariffs on Brazil. The price hit a low of 145.75 shortly after GMT 00:30 but rebounded, reaching a high of 146.41 yen around GMT 04:30.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:40 on July 10), it is moving up and down within the Bollinger Bands, making it difficult to see directional momentum. After rebounding to the middle line, it formed a long upper wick and was pushed back down. The market is focused on whether the price will break below 145.75 yen.

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

The main economic indicators for today are as follows:

• GMT 12:30 U.S. Initial jobless claims for the previous week
• GMT 12:30 U.S. Continuing jobless claims for the previous week