The USD/JPY currency pair rose for the second consecutive day, trading within a range around the mid-158.00s during the first half of the European session on Monday, according to FX Street. The pair fluctuated between 157.74 and 158.42 yen, reflecting steady demand for the dollar against the Japanese yen.
United Overseas Bank analysts Quek Ser Leang and Lee Sue Ann noted that the intraday trading range was expected to be between 157.90 and 158.55 yen. The pair’s movement suggests cautious buying interest amid ongoing market uncertainty.
For Japanese investors, the yen’s performance remains a key factor amid global currency volatility and domestic economic considerations. FX Street’s report highlights the yen’s continued sensitivity to international factors influencing risk sentiment.