Japanese Yen Struggles Near 161.50 as US-Iran Tensions Weigh

The Japanese Yen (JPY) is under pressure at the start of the Asian trading week, hovering near the 161.50 level against the US Dollar (USD). Fresh headwinds from strained US-Iran peace talks are weighing on the yen, which has been struggling to sustain any recovery gains.

Market participants are密切关注 the geopolitical developments, as heightened tensions typically boost safe-haven currencies like the JPY. However, the yen has been unable to capitalize on this, instead facing downside risk. The USD/JPY pair is now eyeing a potential resumption of its uptrend, with 161.50 acting as a key support level.

Traders will be watching for any further escalation in US-Iran rhetoric or diplomatic breakthroughs that could alter the risk sentiment. For now, the yen remains vulnerable amid the ongoing geopolitical uncertainty.