Japanese Yen Consolidates as Weak US Data Offsets Yen Caution
USD/JPY trades around 157.65 on Wednesday, little changed, as a softer US dollar is countered by cautious sentiment toward the Japanese yen.
USDJPY
USD/JPY changed hands near 157.65 during Wednesday’s session, little moved from the prior close. A weaker US dollar, pressured by soft American economic figures, was balanced by lingering caution around the yen, leaving the pair in a tight consolidation pattern.
Source: FXStreet Forex News