Deteriorating forecasts of the Bank of Japan and difficulties in the economy of the country continue to put pressure on the yen exchange rate. In addition, the general strengthening of the US dollar also provided additional support to the USD/JPY pair, which, at the moment, has overcome the previously described range of 144.00-144.50. However, this zone is local and it is too early to talk about a trend change for the USD/JPY pair. The range of 146.50-148.00 may act as the nearest resistance, provoking the activity of sellers.Japan's chief negotiator said after the meeting in Washington that he plans to hold a new round of talks in mid-May. In turn, Prime Minister Shigeru Ishiba confirmed that the dialog is progressing, but there is no agreement yet. Thus, the situation is uncertain, which should be taken into account when making trade decisions.