USD/JPY Price Lacking Bullish Conviction Near 144.0, Eyes on CPI

<div><img width="838" height="554" src="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg" class="type:primaryImage wp-post-image" alt="my USD/JPY price analysis outlook forecast" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2.jpg 838w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-300×198.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2022/11/Screenshot_2-150×99.jpg 150w" sizes="(max-width: 838px) 100vw, 838px" /></div>
<p>Activating the flag pattern indicates more gains. A new lower low invalidates the upside scenario. Returning above the median line (ml) signals a larger upward movement. The USD/JPY price dropped slightly in the short term as the US dollar remained under pressure. The pair is trading at 144.07 at the time of writing. The outlook…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/09/usd-jpy-price-lacking-bullish-conviction-near-144-0-eyes-on-cpi/">USD/JPY Price Lacking Bullish Conviction Near 144.0, Eyes on CPI</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>