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fxJul 15, 2026, 1:18 AM

Japanese Yen Edges Higher vs Weaker USD, Bulls Hesitant Amid Iran Risks

The USD/JPY pair shows a mild negative bias for a second day, failing to extend Monday's late rebound from the mid-161.00s as geopolitical risks from Iran keep bullish traders cautious.

USDJPY

The Japanese Yen is gaining modest ground against the US Dollar in early Tuesday trading, with USD/JPY under mild pressure. The pair failed to capitalize on a late recovery from the weekly low near 161.50 hit during the previous session.

Traders remain hesitant to take large positions amid ongoing geopolitical tensions linked to Iran, which could support safe-haven flows into the yen. The broader direction will likely depend on risk sentiment and any fresh developments in the Middle East.

Source: FXStreet Forex News