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fxJul 10, 2026, 1:42 AM

Japanese Yen Rallies Against USD as Intervention Risks Loom

The USD/JPY pair fell below 162.00 during Asian trading on Friday as traders remain alert to potential Japanese government intervention to support the yen.

USDJPY

The Japanese yen strengthened against the US dollar in Asian session trading on Friday, pushing USD/JPY below the 162.00 level. Market participants are on high alert after recent warnings about possible intervention by Japanese authorities to prop up the currency.

Traders are closely monitoring any signs of official action as the yen continues to recover from recent lows. The move comes amid heightened sensitivity to intervention risk following previous rounds of suspected yen-buying operations.

Source: FXStreet Forex News