USDJPY consolidated at lower levels as traders adjust their positions ahead of crucial inflation reports from Japan and the US. The pair was last seen trading around 149.69. Analysts Frances Cheung and Christopher Wong from OCBC provide insights into market movements. The anticipation of inflation data often influences forex trading strategies, making this a pivotal moment for USDJPY traders. Keep an eye out for updates as the reports are released, which could significantly impact the pair’s direction.