Using the daily timeframe, the USDJPY pair is on a rising channel thou, not a perfect one. Also, the chart shows strong
bullish momentum candlesticks that have broken the resistance at the 142.158 mark. Finally, economic news ie inflation data, interest rates, and retail sales data favors the US dollar against the major currencies.
In my opinion, a clear bullish trend has been explicated on the chart thou a little pullback may happen and then the perennial upward trend continues to test the 150.017 resistance mark. USDJPY buy @ 143.045 according to my analysis.
