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fxJun 11, 2026, 4:03 PM

USD/JPY Stays Near 160.50 as Intervention Fears Cap Gains

The Japanese yen remains pinned near 160.50 against the US dollar as traders weigh the risk of official intervention against a stronger greenback fueled by renewed geopolitical tensions.

USDJPY

The USD/JPY pair struggled for direction on Thursday, holding near the 160.50 mark. The US dollar continued to firm amid renewed hostilities involving the United States, giving the pair an upward bias. However, gains remain capped by persistent fears that Japanese authorities may step into the market to support the yen, as they have done in previous instances when the pair moved sharply above 160.

While no intervention has been confirmed, the threat keeps the pair in a narrow range. Traders are watching for any verbal warnings or direct action from the Bank of Japan or the Ministry of Finance. The standoff leaves USD/JPY directionless for now, with both upside and downside risks in play.

Source: FXStreet Forex News