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fxJun 12, 2026, 4:22 AM

USD/JPY rises past 160.00 on Mideast tensions, yen weakens

The USD/JPY pair climbed further beyond 160.00 during Asian trading on Friday, moving away from a one-week low as escalating Middle East tensions undermined the Japanese yen.

USDJPY

The USD/JPY pair attracted fresh buyers during Friday's Asian session, pushing the exchange rate further beyond the 160.00 mark. The move reversed some of the previous decline from a one-week low.

Escalating tensions in the Middle East continued to erode demand for the Japanese yen, a traditional safe-haven currency. Geopolitical risks have prompted traders to favor the US dollar, driving the pair higher.

Source: FXStreet Forex News