The USD/JPY pair is gaining value, holding near the upper boundary of the ascending channel at 159.37 (Murrey level [6/8]), supported by inflation statistics that hit the market yesterday.

Following the release of key macroeconomic statistics from the US, the USD/JPY pair renewed its November and December highs of last year, reaching 157.90, and is now preparing to strengthen its upward momentum.

The US dollar is showing mixed dynamics in the USD/JPY pair, expanding on the "bullish" momentum that formed last Friday and acted as a catalyst for updating the record highs since January 2025. During the Asian session, the instrument is again testing 158.01 for a breakout, while pressure on the yen is increased by growing geopolitical risks, primarily associated with the development of diplomatic relations between Japan and China. 

The USD/JPY pair is correcting in an uptrend at 157.26 amid poor Japanese macroeconomic statistics.

The price is in correction, the probability of the fall is maintained.

On the daily chart, the first wave of a higher level (1) of 5 is being formed, which includes the third wave of a lower level 3 of (1), while on the four-hour time interval, wave iii of 3 has already appeared and a local correction is developing as wave iv of 3, and wave (c) of iv is also being built. If the assumption is correct, the downward dynamics of the USD/JPY pair will intensify in the area of 153.18–151.75, and the critical stop-loss level for this scenario will be 157.37.