Yen Weakens on US-Iran Strikes, Intervention Warning
USD/JPY trades near 162.40 as the US launches a sixth night of strikes against Iran, boosting the dollar against the yen. Japan raises intervention risk concerns.
The Japanese yen softened against the US dollar on Friday, pushing USD/JPY to around 162.40 during Asian trading. The dollar gained after the United States launched a new wave of airstrikes against Iran for the sixth consecutive night, fueling safe-haven demand for the greenback.
Japanese authorities have flagged the risk of currency intervention, signaling unease over the rapid yen depreciation. The warning comes amid heightened geopolitical tensions and broad dollar strength.
Market participants are monitoring further developments in the Middle East and any potential intervention by the Bank of Japan or the Ministry of Finance.
Source: FXStreet Forex News