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Prezzi
fxJun 26, 2026, 1:19 AM

Yen Consolidates Near 40-Year Low After Tokyo CPI, Intervention Risks Loom

USD/JPY trades just below 162.00, near its lowest in four decades, as traders weigh Tokyo CPI data and the threat of Japanese intervention.

USDJPY

The USD/JPY pair extended its sideways consolidative price move during the Asian session on Friday, trading just below the 162.00 mark. The level is close to a four-decade low for the yen against the dollar.

Market participants are digesting the latest Tokyo Consumer Price Index (CPI) data, which has not provided a clear directional catalyst. Meanwhile, the risk of official intervention by Japanese authorities to support the yen continues to cap any further depreciation.

Traders remain cautious as the pair hovers near the psychologically significant 162.00 area, awaiting more cues from US data or potential intervention statements.

Source: FXStreet Forex News