Yen Slips as Middle East Tensions Boost Dollar
USD/JPY trades near 162.55, up 0.10% on the day, as renewed geopolitical concerns in the Middle East support the US Dollar.
USDJPY
The Japanese Yen weakened on Monday, with USD/JPY trading around 162.55, up 0.10% on the day. The pair regained momentum after an initial pullback in the US Dollar as geopolitical concerns returned to the forefront.
Renewed tensions in the Middle East are providing support for the greenback, pushing the dollar-yen pair higher. The market is closely watching for further developments that could sustain the dollar's safe-haven appeal.
Source: FXStreet Forex News