USD/JPY rose on Thursday, trading at 158.41, marking its third consecutive day of gains after falling to a 13-week low of 155.20 on Monday. Markets are closely watching details of a proposed agreement to end the Iran conflict, which could give Iran control over traffic in and out of the Strait of Hormuz, despite objections from U.S. officials. Additionally, investors are awaiting Friday's release of the U.S. July employment report for clues on the Federal Reserve's future interest rate path. Economists expect non-farm payrolls to increase by 80,000 in July, with the unemployment rate remaining at 4.2%.