Yesterday the USDJPY touched a low of 139.88 yen shortly after GMT 06:00. It stopped falling there and turned upward, reaching a high of 141.66 yen shortly after GMT 20:00, and trading for the day closed at 141.55 yen.

Today dollar buying accelerated as President Trump indicated he has no intention to dismiss Fed Chair Jerome Powell and showed a softening stance on tariffs against China. The price reached a high of 143.21 yen shortly after GMT 22:30 (on April 22).

Looking at the 1-hour chart of the USDJPY (as of GMT 04:00 on April 23), it continues to move above the middle line, showing an upward trend on this time frame. If it breaks above 143 yen again, it may pursue higher values.

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

The main economic indicators for today are as follows:

• GMT 13:45 U.S. April Manufacturing Purchasing Managers Index (PMI, preliminary)
• GMT 13:45 U.S. April Services Purchasing Managers Index (PMI, preliminary)
• GMT 13:45 U.S. April Composite Purchasing Managers Index (PMI, preliminary)
• GMT 14:00 U.S. March New home sales