USD/JPY eyes further gains above 160.00 as yen lags
The Japanese yen underperformed major peers on Tuesday, leaving USD/JPY higher near 159.70 in European trading with the 160.00 level in view.
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USD/JPY traded 0.16% higher at around 159.70 during European hours on Tuesday, with the Japanese yen lagging its major currency peers. The pair is seen positioned to extend its rally beyond the 160.00 handle.
The move highlights yen weakness as the main driver, keeping the short-term bias tilted toward further upside unless the pair reverses below current levels.
Source: FXStreet Forex News