According to UOB Group, the USD/JPY currency pair is poised for consolidation between the 142.20 and 144.00 range. This suggests the USD has entered a phase of stability following significant fluctuations. Traders should be prepared for a potential continuation in range-bound trading before the USD might break out of this cycle. Over the longer term, market analysts indicate a watchful eye on levels above 146.70, as they could indicate a pivotal shift in market dynamics. Maintaining strategic awareness is essential for forex traders engaging with this pair during consolidation periods.