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May 8, 2025

USD/JPY Still Consolidating as Market Awaits Direction

The bias for the US Dollar against the Japanese Yen is tilted to the upside. Experts indicate there is potential for a test of the 144.30 level. Currently, USD/JPY remains in consolidation, with price actions hinting at limited swings between 142.20 and 145.30. Traders should remain observant as incremental changes may soon surface. Identifying shifts in market sentiments will be crucial for trading strategies in this range. Keeping track of economic releases will help inform outlooks for this currency pair moving forward.

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