USD/JPY Flat Around Mid-159.00 as Soft Japan Growth Fails to Move Pair
USD/JPY is little changed Monday near the mid-159.00s after soft Japanese growth data failed to shift the pair, which has held a 158.60–159.50 range for five days.
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USD/JPY is little changed at the start of the week, trading around the mid-159.00 area. An overnight Japanese growth report came in soft but did not provide a clear directional impulse for the pair.
The exchange rate has now spent five consecutive sessions confined between support near 158.60 and resistance just above 159.50. That range has held despite the weak data, leaving the market in a standoff.
Traders are watching whether either boundary breaks, as the current price action offers no strong bias in either direction.
Source: FXStreet Forex News