USD/JPY Flat Near 159.50 as Intervention Risks Offset US PPI Focus
USD/JPY is trading little changed around 159.40 in Asian hours Thursday, with intervention concerns capping upside as markets await US PPI data.
USDJPY
The USD/JPY pair was little changed around 159.40 during Asian trading on Thursday, hovering just below the 159.50 area.
Upside momentum appears limited by the risk of coordinated currency-market intervention involving the US and Japan. Traders are also watching upcoming US producer price data for fresh inflation signals.
With intervention concerns acting as a cap, the pair remains in a wait-and-see mode ahead of the US data release.
Source: FXStreet Forex News