USD/JPY Little Changed, Holds Sideways in Mid-159.00s

USD/JPY is trading sideways on Thursday and hovering in the mid-159.00s. The pair is holding within its recent range rather than making a decisive move in either direction.

The update describes the price action as more of the same, with consolidation continuing as opposing forces cancel each other out. The Japanese yen is little changed even as US inflation cools, suggesting the data has not shifted the balance enough to spark a breakout.

For now, USD/JPY remains rangebound and the short-term bias is neutral while the pair stays inside its established range.