No major events expected today.

The Japanese yen (JPY) is gaining against its U.S. counterpart during the Asian session on Thursday, reversing part of the previous day’s correction from a weekly high. Minutes from the Bank of Japan’s (BoJ) March meeting showed the central bank remains prepared to tighten further if economic and price forecasts hold. This, combined with renewed demand for safe-haven assets, is supporting the yen, while renewed U.S. dollar (USD) selling pressure is keeping the USD/JPY pair below the 144.00 psychological level.

Optimism around U.S.–China trade talks, set to begin this week in Switzerland, is fading amid uncertainty over how any new agreement between the world’s two largest economies might be structured. Additionally, U.S. President Donald Trump denied reports of tariff reductions on Chinese goods, dampening hopes for a quick resolution to the trade war. Persisting geopolitical tensions are also weighing on investor sentiment and have been a key factor in the yen’s rise, alongside the general weakness in the dollar.

Recommendation: SELL 145.80, SL 146.00, TP 144.90.