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fxJun 23, 2026, 12:20 AM

Japanese Yen Flatlines Near 161.50 as Intervention Fears Persist

USD/JPY holds steady near 161.55 during early Asian trading, with traders cautious over potential intervention by Japanese authorities despite progress in US-Iran peace talks.

USDJPY

The Japanese yen remained virtually unchanged against the US dollar on Tuesday, with USD/JPY trading near 161.55 in early Asian hours. The pair's sideways movement reflects ongoing caution among market participants.

Traders are closely watching for possible intervention from Japanese authorities to support the yen, which has been under sustained pressure. Meanwhile, progress in US-Iran peace talks is seen as a factor that could cap further upside in the pair, though no immediate triggers have shifted the balance.

Source: FXStreet Forex News