USD/JPY Price Forecast: Bullish bias remains amid fragile Iran ceasefire, ahead of US PCE

The USD/JPY pair builds on the previous day's modest rebound from sub-158.00 levels, or a nearly three-week low, and gains some positive traction on Thursday. USD/JPY regains some positive traction and draws support from a combination of factors.Economic concerns stemming from Middle East tensions continue to undermine the JPY.The fragile US-Iran ceasefire benefits the USD and also acts… The USD/JPY pair builds on the previous day's modest rebound from sub-158.00 levels, or a nearly three-week low, and gains some positive traction on Thursday. USD/JPY regains some positive traction and draws support from a combination of factors.Economic concerns stemming from Middle East tensions continue to undermine the JPY.The fragile US-Iran ceasefire benefits the USD and also acts as a tailwind for spot prices.The USD/JPY pair builds on the previous day's modest rebound from sub-158.00 levels, or a nearly three-week low, and gains some positive traction on Thursday. Spot prices climb back above the 159.00… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.