USD/JPY pair remains near four-decade high
The USD/JPY pair has slid to 162.00 amid softer US Dollar and intervention risks supporting the Japanese Yen.
The interest rate gap between Japan and other major economies, including the US, continues to undermine the JPY.
Escalating US-Iran tensions and firming Fed hike expectations limit USD losses, warranting caution before placing bearish bets on the USD/JPY pair.