The USD/JPY pair stabilizes near 159.50 after Japan’s currency intervention fails to sustain gains above 160.00.
The dollar traded near 159.50 against the yen on Tuesday, retreating from a session high just below 160.00. The yen’s pullback follows a record intervention by Japanese and U.S. authorities to curb its decline, marking the pair’s strongest level since coordinated action in late April.
Earlier intervention had briefly strengthened the yen, but the currency gave back half its gains as market pressure resumed. The 160.00 level remains a critical threshold, with traders monitoring for further official action.
No immediate market reaction was reported beyond the yen’s partial reversal, though volatility in the pair persists amid speculation over future policy moves.