Japan’s currency rises for a third session amid warnings of further FX intervention after last week’s coordinated yen-buying moves.
The yen climbed for a third consecutive session, gaining 0.39% to 156.76 per dollar, as traders brace for potential further intervention by Japanese authorities. The currency reached a three-month high of 155.20 before paring some gains, while rising 0.40% against the euro to 180.70.
Japan’s finance ministry confirmed coordinated yen-buying intervention with the U.S. last week and signaled readiness for additional action. Analysts cite the 162.72-164.96 range as a key threshold for intervention risk, with the 200-day moving average near 158 acting as resistance.
Markets remain cautious ahead of U.S. jobs data, which could influence Federal Reserve policy expectations. The dollar held steady, while oil prices declined after geopolitical tensions eased.