The USD/JPY currency pair climbed from a two-week low around 160.50-160.45 yen last Friday to approach the 162.00 yen level on Monday. This marks a continued recovery in the pair over two consecutive trading days.
According to FX Street, the pair showed strong follow-through momentum on Monday, building on the rebound that began after hitting the recent lows. This suggests renewed buying interest in the US dollar against the Japanese yen amid ongoing market dynamics.
For Japanese investors, the move highlights the current volatility in FX markets amid global economic uncertainties and the Bank of Japan’s continued monetary policy stance, which influences yen performance.