The Japanese Yen remains weak against the USD near 161.90, pressured by cautious Fed remarks on inflation and policy.
The USD/JPY pair trades marginally lower below 161.90 as the Japanese Yen struggles to gain traction. The US Dollar remains resilient, supported by comments from New York Fed President John Williams, who emphasized lingering inflation concerns and a cautious approach to monetary policy.
Earlier, the pair hovered near 161.90, reflecting broader USD strength amid elevated US Treasury yields. Market expectations for Fed rate cuts have been scaled back, reducing pressure on the Dollar. The Yen’s modest support has done little to shift the pair’s broader trend.
No immediate market reaction was reported, though traders continue to monitor Fed signals and US economic data for further direction.