Yesterday the USDJPY touched a low of 141.61 yen around GMT 23:30 (on April 16), then rebounded after U.S.-Japan trade negotiations concluded without exchange rate discussions, reaching a high of 143.08 yen shortly after GMT 08:00.

The rise then paused and reversed, temporarily dropping below 142 yen before stabilizing, and trading for the day closed at 142.40 yen.

Today, major markets are closed for Good Friday, and the USDJPY touched a low of 142.20 yen around GMT 00:00 but didn't fall further, fluctuating in the lower 142-yen range.

Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on April 18), it has been moving sideways since yesterday, but is trading below the middle line, suggesting selling pressure is slightly dominant. One sensible approach might be to follow the direction of any breakout.

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

Today, U.S. markets are closed, and no closely watched economic indicators are scheduled for release.