The yen briefly strengthened then reversed gains, trading near 162.11 as US inflation figures failed to sustain directional moves.
USD/JPY fluctuated sharply but ended near its starting point after US inflation data triggered brief volatility. The pair rose to 162.42 in London trading before dropping to 161.90 in New York, then rebounded to 162.28 and settled at 162.11.
Earlier moves reflected market reactions to US inflation prints, though the yen’s gains proved short-lived. The lack of sustained momentum left the pair nearly unchanged from its pre-data levels, highlighting indecision among traders.
No immediate market reaction was noted beyond the intraday whipsaw, with the yen remaining within recent ranges against the dollar.