On Friday of last week, the USDJPY marked a high of 144.60 yen immediately after market opening, and struggled to move higher. Shortly after GMT 08:30, it touched a low of 142.06 yen and stabilized, recovering to the 144 yen range shortly after GMT 17:30, and trading for the day closed at 143.45 yen.

Today the USDJPY touched a high of 144.06 yen around GMT 22:00 due to reports that smartphones would be excluded from mutual tariffs. However, when those reports were denied, expectations for mitigation of trade friction receded, causing a decline. The price touched a low of 142.25 yen around GMT 01:30 and stabilized, remaining in the lower 143-yen range as of GMT 04:00.

The 1-hour chart of the USDJPY (as of GMT 01:50 on April 14) shows the decline has been arrested, with resistance around 144.20 yen. There is no clear direction, and it appears best to follow the direction of any breakout.

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

Today, no strongly influential economic indicators are scheduled for release.