The yen rises slightly against the dollar as traders pause ahead of Tokyo inflation data and the Jackson Hole Symposium.
The USD/JPY pair fell during Thursday’s Asian session, ending a three-day winning streak as dollar bulls hesitated. Spot prices remained above 159.00 but faced mild selling pressure amid geopolitical optimism in the Hormuz region.
Prior to this move, the pair had climbed for three consecutive sessions, reflecting broader dollar strength. Market focus now shifts to upcoming Tokyo inflation figures and the Jackson Hole Symposium, which may influence monetary policy expectations.
Downside potential for the yen appears limited, with traders awaiting fresh catalysts before committing to larger positions.