Japanese Yen Consolidates Against US Dollar Near Multi-Decade High

The Japanese Yen (JPY) is trading flat against the US Dollar (USD) at approximately 162.50 during the Asian session on Tuesday. The pair remains close to its multi-decade high, as market participants weigh ongoing uncertainty surrounding the Middle East.

No clear directional bias has emerged in early trading, with the yen consolidating near the elevated level. The lack of fresh catalysts leaves the pair range-bound for now.