The currency pair trades in a tight range above 159.00 in Asian trading, lacking fresh drivers for a breakout.
The USD/JPY pair remains steady around 159.00 during Tuesday’s Asian session, reflecting a consolidation phase after recent volatility. Traders appear cautious, awaiting new catalysts before committing to a directional move.
Earlier sessions saw the yen weaken against the dollar, with the pair testing multi-decade highs. Market participants continue to monitor shifts in U.S. monetary policy expectations and Japan’s intervention risks, though no immediate triggers have emerged.
Price action remains confined to a narrow band, suggesting indecision ahead of key economic data or policy signals.