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fxAug 12, 2026, 2:28 AM

Japanese Yen Hits Two-Week Low, USD/JPY Eyes Further Gains Ahead of US CPI

The yen weakened to a two-week low against the dollar on Wednesday, with USD/JPY trading above 159.50 as traders awaited the US CPI report.

USDJPY

USD/JPY advanced to its highest level in over a week during Asian trading on Wednesday, breaching the mid-159.00s as the dollar held firm. The move extended the yen's decline to a two-week low.

Market participants are focusing on the upcoming US Consumer Price Index release for near-term direction. Bullish momentum appears to be building, with bids now targeting a sustained break above 159.50.

Source: FXStreet Forex News