USD/JPY pair trades near 159.40 on intervention risks
The USD/JPY pair is trading on a flat note near 159.40 due to potential intervention in currency markets by US and Japanese authorities.
The US Producer Price Index report for July is set to be published later, which may impact the pair’s movement.
Japanese authorities may intervene to address sharp fluctuations in the Japanese Yen exchange rate, with traders watching the 160.00 psychological level.