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USD/JPY declines on firmer Yen despite strong US economic data

USD/JPY trades around 156.40 on Tuesday at the time of writing, down 0.40% on the day. The pair remains under pressure despite a US Dollar (USD) supported by a string of better-than-expected US data, as the move is largely offset by renewed strength in the Japanese Yen (JPY).
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Dow Jones Industrial Average climbs 100 points as bullish sentiment persists

US stocks extended their recent rally on Tuesday, with major indexes posting a fourth consecutive day of gains as investors continued to favor artificial intelligence–related names during a holiday-shortened trading week.
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