The US dollar's recent rally has paused, with USD/JPY consolidating below 158.00 as markets anticipate a potential Federal Reserve rate cut in December. This follows dovish remarks from New York Fed President John Williams, leading to a 70% probability of a rate cut being priced in by traders. Meanwhile, the Bank of Japan maintained its current interest rates, though internal dissent suggests a 30% chance of a rate hike in December. Market participants are now focused on upcoming US economic data, including ADP employment figures and consumer confidence, for further direction.