The Japanese Yen remains under pressure against the USD despite recent currency intervention, as broader dollar strength limits gains.
The USD/JPY pair stabilized around 159.24 on Tuesday, retreating slightly from an intraday low as the Japanese Yen failed to sustain momentum following joint intervention efforts. A stronger US Dollar and rising oil prices continue to weigh on the currency, offsetting support from official measures.
Earlier intervention had briefly weakened the pair, but the effect has faded amid persistent divergence in monetary policy between the US Federal Reserve and the Bank of Japan. Market participants remain cautious ahead of key economic data releases later this week.
Trading activity showed limited reaction, with the pair consolidating in a narrow range as investors assess the sustainability of yen support.