USD/JPY Holds Above 162.00 as Yen Weakness Persists on Rate Gap, Iran Tensions
The yen extends losses against the dollar amid widening US-Japan rate differentials and geopolitical risks in the Middle East. The USD/JPY pair trades above 162.00, up 0.30% on Monday, nearing a four-decade high as the yen underperforms. A persistent rate gap between Japan