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fxJun 8, 2026, 12:37 AM

USD/JPY Holds Above 160.00 After Japan Q1 GDP Data

USD/JPY trades near 160.30 during Asian hours Monday, holding above the key 160.00 level after Japan's Q1 GDP data. Market participants remain alert to potential government intervention.

USDJPY

The Japanese Yen remains under pressure, with USD/JPY trading around 160.30 in early Asian trading on Monday. The pair edged up modestly the previous day and is holding above the psychologically important 160.00 mark following the release of Japan's Q1 GDP data.

Market participants are closely watching for any signs of government intervention to support the yen, as the currency stays weak against the dollar. The GDP report provided little immediate direction, leaving traders cautious.

Source: FXStreet Forex News