During the Asian session, the USD/JPY pair is correcting in a downward trend in the area of 145.35. Yen quotes are under pressure from weak macroeconomic statistics, which is preventing them from continuing the local trend of recent days.

The US dollar is losing value in the USD/JPY pair, continuing a steady decline in the ultra-short term that began on Tuesday. The instrument is testing 146.00 for a breakdown, while investors are in no hurry to open new positions ahead of today's publication of macroeconomic statistics in the US.

The active growth of the dollar exchange rate led to the strengthening of the USD/JPY pair to 148.30–148.65. However, after the publication of US macroeconomic data, the price began to decline.

Growth is possible.

On the daily chart, a downward correctional fourth wave 4 and the wave (C) of 4 ended. Now, the upward fifth wave 5 and the first entry wave of the lowest level 1 of (1) of 5 are developing. If the assumption is correct, the USD/JPY pair will grow to the area of 151.15–158.82. In this scenario, the critical stop loss level is 142.25.

At the end of last week, the USD/JPY pair resumed its decline within the medium-term downtrend after a short period of correction: the price is currently at the central line of Bollinger Bands around 143.00.