The USD/JPY currency pair has shifted into a bullish trend as widening yield differentials between the US and Japan propel fresh upside momentum. Currently, the pair is challenging a significant resistance level at 153.38, drawing attention from traders waiting for the US CPI report.

As expectations mount for the inflation readings, market participants remain cautious yet optimistic. The changing landscape of yield differentials indicates potential shifts in investor sentiment, particularly around central bank policies.

With rising economic uncertainties, all eyes are on how this critical economic data will shape further trading strategies. Positioning will be key as the USD/JPY navigates through this dynamic phase.

Investors are encouraged to stay updated on these developments!