Yen Consolidates Near 159.25 After First Joint US-Japan Intervention Since 2011

The Japanese Yen is stuck near the 159.25 level against the US Dollar, consolidating after a sharp upward move triggered by the first joint intervention by the US and Japan since 2011. The rare coordinated action aimed to stem the yen’s prolonged weakness.

Initial buying pressure has faded, leaving the pair trapped in a narrow range as traders assess the longer-term impact of the intervention. Markets remain cautious, awaiting further policy cues from Tokyo and Washington.