Soft US consumer sentiment weighs on the dollar, but yen weakness keeps the pair near recent highs.
The USD/JPY pair remains little changed at 159.40, holding steady despite softer US economic data. A weaker-than-expected US consumer sentiment reading exerted downward pressure on the dollar, but yen weakness limited declines.
The pair has traded in a tight range, reflecting market caution ahead of key economic releases. Recent US data has shown mixed signals, while the yen continues to face headwinds from Japan’s accommodative monetary policy.
Market reaction has been muted, with traders awaiting further cues on US interest rate expectations and potential intervention risks in the yen.