Yesterday the USDJPY hit a low of 149.10 yen around GMT 13:30, and a high of 150.48 yen around GMT 21:00. However, selling intensified following reports of U.S. tariff implementation, and trading for the day closed at 149.23 yen.

Today the USDJPY continued its decline from the previous day, hitting a low of 147.11 yen shortly after GMT 03:30. This represents a sharp drop of more than 3 yen from the previous day's high, and selling pressure continues as of GMT 04:00.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:30 on April 3), the downward trend is continuing, with the next target likely to be the March 11 low of 146.51 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
• GMT 13:45 U.S. March Services Purchasing Managers Index (PMI, revised)
• GMT 13:45 U.S. March Composite Purchasing Managers Index (PMI, revised)
• GMT 14:00 U.S. March ISM Services PMI