USD/JPY remained largely unchanged on Tuesday, with the Japanese Yen maintaining its strength despite the ongoing holiday period. According to FX Street, the pair traded around 157.46 during what was described as thin holiday trading.
The Yen's gains were limited by a broadly stronger US Dollar, keeping the currency pair flat throughout the day. The market activity was subdued as Japan observed Silver Week, a series of consecutive holidays that typically results in lighter trading volumes.
As the Japanese market enters this quiet period, investors remain cautious, awaiting further developments that could influence the Yen's direction once regular trading resumes.