[MARKET UPDATE] USD/JPY continues to incrementally edge higher following earlier volatility, with the pair at session highs of 157.25 having earlier printed a 156.59 low; newsflow has been light in recent trade; Japanese traders away till May 6th

The USD/JPY has shown incremental strength today, reaching session highs despite previous volatility, suggesting underlying buying interest for the dollar amidst light newsflow. The absence of Japanese traders until May 6th may contribute to reduced liquidity, amplifying any moves, so it's important to monitor for potential trading opportunities as the pair navigates these levels.