USD/JPY Steady Near 159.40 as Soft US Sentiment Meets Weak Yen
USD/JPY is little changed around 159.40 after a weak U.S. consumer sentiment reading pressured the dollar while persistent yen weakness kept the pair supported.
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USD/JPY is trading near 159.40 with minimal daily movement. A softer U.S. consumer sentiment reading nudged the dollar lower, but the pair has remained close to its prior levels.
Price action reflects two offsetting forces: weak U.S. data weighing on the greenback, and an underlying weak yen limiting downside for the pair.
Short-term direction remains unclear while the exchange rate holds its current range.
Source: FXStreet Forex News