The USD/JPY currency pair edged higher on Tuesday after breaking through the psychological support level at 140. Bears previously pushed it to a multi-month low of 139.88. Market watchers should pay close attention to the critical med-term support level at 139.57, established in September 2024.

As traders assess shifts in the currency pair, palpitating factors involve not only current technical levels but also economic outlooks that may dictate future movement. Investors are advised to analyze Japanese and U.S. economic announcements for deeper insights.

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