The yen weakens against the USD amid heightened Iran tensions, though intervention threats cap further losses near 156.50.
The USD/JPY pair erased early Asian session losses, climbing back to the 156.50-156.45 range on Monday. Demand for the safe-haven US Dollar (USD) rose as geopolitical tensions in the Middle East persisted, pressuring the Japanese Yen (JPY).
Earlier, the pair had dipped modestly during Asian trading but reversed course as risk aversion supported the USD. Market participants remain cautious over potential intervention by Japanese authorities to stabilize the yen, limiting deeper declines.
No immediate market reaction was specified, but traders continue monitoring geopolitical developments and intervention risks closely.