The currency pair remains close to levels that previously triggered Japanese intervention as US employment figures boost the dollar.
USD/JPY traded around 160.00 on Friday, stabilizing after an initial dip following the release of upbeat US employment data. The pair remains near levels that prompted past Japanese currency interventions to support the yen.
Earlier this week, the yen weakened as US job growth exceeded expectations, reinforcing the dollar’s strength. The 160 mark has been a key threshold for Japanese authorities, who last intervened in currency markets in 2022 when the pair approached similar levels.
Markets are closely monitoring the pair for signs of further official action, though no immediate reaction was reported in early trading.