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fxJul 24, 2026, 3:42 PM

USD/JPY Slips to 163.70 as Yen Remains Under Pressure

USD/JPY traded slightly lower on Friday, around 163.70, after hitting a fresh near 40-year high. The yen continues to face pressure from a resilient US economy supporting the dollar.

USDJPY

USD/JPY edged lower on Friday, trading near 163.70, down 0.09% on the day. Earlier, the pair hit a fresh near 40-year high, reflecting persistent yen weakness.

The Japanese yen remains under pressure as the resilient US economy continues to support the dollar. Market participants are watching for potential intervention from Japanese authorities as the currency approaches multi-decade lows.

Source: FXStreet Forex News