The currency pair climbs over 0.2% as traders react to US Treasury remarks on excessive FX volatility.
USD/JPY rose to a four-day high of 157.80, gaining over 0.2% as markets digested comments from US Treasury Secretary Scott Bessent. Bessent highlighted concerns over undesirable volatility in foreign exchange markets, prompting a rebound in the yen.
The pair had previously traded lower earlier in the session but reversed course following the remarks. Analysts noted the move reflected short-term positioning adjustments rather than a shift in broader trends.
No immediate market reaction beyond the intraday rebound was reported, with traders awaiting further cues on monetary policy.