USD/JPY Holds Steady in Mid-159 Range Despite Weak Japanese Growth Data

The USD/JPY pair remained largely unchanged on Monday, trading around the mid-159.00s region despite the release of a soft growth report from Japan overnight. According to FX Street, the pair stayed close to flat, maintaining support near 158.60 and resistance around 159.50.

This marks the fifth consecutive day that USD/JPY has traded within a narrow range, reflecting cautious market sentiment amid mixed economic signals. The Japanese Yen showed resilience despite concerns over Japan's slowing growth, while the US Dollar held steady in response to broader global factors.

For Japanese investors, the stability of USD/JPY amid weak domestic growth highlights ongoing challenges in monetary policy and economic recovery, underscoring the importance of monitoring both local data and international currency movements.