The USD/JPY currency pair remains cautious, trading below the 150.00 mark as market participants turn their focus towards the upcoming US consumer sentiment data. The yen’s wary stance is further accentuated by anticipations surrounding the US CPI forecasts, which could potentially influence the pair’s direction. On a technical front, the USD/JPY has recently completed a positive pattern, suggesting a potential upward momentum. However, the 150.00 level stands as a significant psychological barrier, and its breach or defense will be crucial in determining the next phase for the currency pair. Investors are advised to monitor the US economic indicators closely, as they could provide pivotal cues for the yen’s movement against the dollar.