Japanese Yen Under Pressure as BoJ Divisions Weigh, USD/JPY Climbs Above 158

The Japanese Yen faced renewed selling pressure in Asian hours on Thursday, with USD/JPY climbing to around 158.20 as markets assessed a divided stance inside the Bank of Japan.

The currency pair edged higher after booking modest losses the previous session, reversing earlier weakness. A narrowing current account surplus and growing uncertainty over the BoJ's next steps have added to the yen's headwinds.

Traders are watching for further commentary from policymakers, with the lack of a clear consensus on tightening policy undermining the yen's near-term outlook.