Market Fundamental Analysis by RoboForex

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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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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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The RoboForex Team

Edited 13 hours ago by RBFX Support