Yesterday the USDJPY fell following reports that President Trump reversed his statement that smartphones and some electronic products would be exempt from reciprocal tariffs and stated that he would impose different tariffs. It temporarily recovered, but then hit a low of 142.22 yen around GMT 07:00.

After that, the decline halted and dollar buying resumed, reaching a high of 144.08 yen shortly after GMT 13:00, but the price didn't advance further, and trading for the day closed at 142.96 yen.

Today the USDJPY traded somewhat firmly from the opening, reaching a high of 143.59 yen shortly after GMT 00:30. After the TTM (Telegraphic Transfer Middle Rate) passed, the price declined, and as of GMT 04:00, it is trading in the lower 143-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on April 15), the downward trend has paused, and currently, the price is consolidating as the band width converges. It seems appropriate to follow the trend in the direction that breaks through the immediate high or low.

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

The main economic indicators for today are as follows:

• GMT 12:30 U.S. April NY Empire State Manufacturing Index