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fxAug 18, 2026, 3:41 PM

Yen stays on back foot as USD/JPY hovers below 160

The Japanese yen remains under pressure despite hawkish Bank of Japan expectations, with USD/JPY extending its sideways trade below the 160 level on Tuesday.

USDJPY

The Japanese yen is staying on the back foot even as markets lean toward a more hawkish Bank of Japan stance. USD/JPY continues to move sideways below the 160 psychological level on Tuesday.

The US dollar has struggled to gain further traction, keeping the pair rangebound beneath that key threshold. The price action suggests an impasse between yen weakness and limited dollar upside.

Source: FXStreet Forex News