USD/JPY trades around 154.00 on Tuesday. The daily chart analysis shows that the pair is consolidating within a descending channel, indicating a bearish bias. However, the 14-day Relative Strength Index (RSI) is slightly above 30, which could suggest a potential short-term rebound.

Immediate support is located near the lower boundary of the descending channel, around 153.00. A drop below this level could push the USD/JPY pair lower, possibly revisiting May's low of 151.86. Additional support may emerge at the psychological level of 151.00.