The USD/JPY pair stabilized around the 159.25 level following a sharp advance on Monday, with intraday trading expected to range between 158.95 and 159.60, according to FX Street.
Despite strong upward momentum, FX Street noted that deeply overbought conditions are likely to cap gains above 159.60 in the near term. This suggests that while the US Dollar remains resilient against the Japanese Yen, traders may exercise caution around current levels.
Given Japan’s ongoing monetary policy stance and its impact on currency movements, the USD/JPY pair remains a key focus for investors tracking FX volatility in Asian markets.