During Tuesday’s European session, the USDJPY pair edged closer to the 152.00 level while remaining confined within Monday’s range, indicating a period of consolidation. Traders are exercising caution as they await the testimony of Federal Reserve Chair Jerome Powell before Congress at 15:00 GMT, seeking insights into the Fed’s upcoming policies.

This moment of indecision reflects the broader market’s anticipation of potential shifts in monetary policy and how they may influence currency dynamics. With the high-stakes testimony on the horizon, all eyes are on Powell’s remarks.

As artists in the currency markets, traders must remain adaptable and vigilant, ready to react to the outcomes of this testimony.

Stay informed as these developments unfold!