USDJPY climbs: what should traders expect from the US jobs report?
The USDJPY pair continues to strengthen ahead of the key US jobs report release, currently trading at 143.93. Discover more in our analysis for 6 June 2025.
USDJPY forecast: key trading points
Investors adopt a wait-and-see approach ahead of the US Nonfarm Payrolls release
Speculation of BoJ policy tightening grows but remains insufficient to lift the yen
USDJPY forecast for 6 June 2025: 145.35
Fundamental analysis
The USDJPY rate is rising for the second consecutive session, staying within a sideways range between 142.50 and 144.20. The chart continues to indicate the potential formation of a Double Bottom reversal pattern, which could signal further strengthening of the US dollar.
The Japanese yen remains under pressure as investors wait for the crucial US employment report. Additional support for the US dollar came from news of a phone call between Donald Trump and Xi Jinping, in which both leaders agreed to continue trade negotiations.
Meanwhile, BoJ Governor Kazuo Ueda reiterated the central bank’s readiness to raise interest rates if economic and inflation targets are met. Although this has raised expectations of a cautious but steady policy tightening, it remains insufficient to boost the yen, according to today’s USDJPY forecast.
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