The USD/JPY pair has been trading in positive territory for the third consecutive day, hovering around 155.80 during the early Asian session on Monday. The decline in this currency pair has been supported by weaker-than-expected GDP data from Japan for the first quarter. However, it has not yet broken out of the consolidation pattern evident on the analysis charts.
It is expected to continue moving sideways as it seeks additional momentum before potentially resuming a stronger upward trend.
It is expected to continue moving sideways as it seeks additional momentum before potentially resuming a stronger upward trend.
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