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fxJun 9, 2026, 5:12 AM

USD/JPY Holds Above 160.00 as Yen Stays Near One-Month Low, Intervention Risks Loom

The Japanese yen remains near a one-month low against the US dollar, with USD/JPY trading above the 160.00 mark despite a weaker greenback. Traders are cautious amid persistent intervention risks from Japanese authorities.

USDJPY

The USD/JPY pair struggled to extend a modest Asian session uptick on Tuesday, staying below the previous day's high—its strongest level since April 30. Spot prices held above the psychological 160.00 threshold, showing little reaction to a broadly softer US dollar.

Market participants remain wary of potential intervention by Japanese authorities to support the yen, which has kept bearish bets in check. The pair's inability to push decisively higher reflects this caution, even as the dollar's recent weakness fails to boost the yen significantly.

Source: FXStreet Forex News