The USD/JPY currency pair edges closer to the pivotal 152.00 mark during Tuesday’s European trading session. However, it remains within Monday’s trading range, indicating a consolidation phase. Traders are on high alert as they prepare for Federal Reserve Chair Jerome Powell’s upcoming testimony before Congress at 15:00 GMT. Investor sentiment hinges on Powell’s remarks regarding future monetary policy. The outcome of this testimony could play a crucial role in steering the USD/JPY direction in the near term, making it a key event for forex traders.