Japanese Yen (JPY) maintains its strength, potentially due to verbal intervention from Japanese authorities. Masato Kanda, Japan's currency diplomat, expressed readiness to intervene in the foreign exchange market to prevent excessive movements and negative economic impacts. On the other hand, the US Dollar (USD) sees a slight increase as Federal Reserve officials delay the expected interest rate cut in 2024. The US Dollar Index (DXY) dips due to lower US Treasury bond yields, but strong economic data fuels speculation of a postponed rate cut. Bank of Japan signals potential adjustments in monetary support based on economic conditions. Overall, the USD/JPY pair remains bullish, with potential challenges ahead in breaking key resistance levels. Market dynamics suggest a cautious outlook amid ongoing global economic uncertainties.