ForexAug 11, 2026, 12:31 PM

Yen Softens as Intervention Impact Fades, USD/JPY Holds Near 159

The Japanese yen remains under pressure with the effect of joint intervention waning, while a stronger US dollar and elevated oil prices add headwinds.

USDJPY

USD/JPY is treading water around 159.24 during Tuesday’s session, after dipping to an intraday low. The Japanese yen continues to struggle as the boost from recent joint intervention fades.

A firmer US dollar and persistently high oil prices are weighing on the yen, limiting its recovery. The pair remains near multi-decade highs, reflecting broad USD strength.

Source: FXStreet Forex News

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