The USD/JPY exchange rate edged higher during the Asian session, surpassing the 162.00 yen mark. This movement continued a recovery from the previous support zone around 161.25 to 161.30 yen, signaling renewed strength in the US dollar against the Japanese yen.
According to FX Street, the pair rebounded from the 161.30-161.25 range and climbed above 162.00 during Friday’s early trading, extending the momentum into the start of the new week. This rebound highlights the ongoing volatility and shifting sentiment in the FX market.
For Japanese investors and traders, the USD/JPY’s move above 162.00 may influence export-driven equities and risk appetite, as currency fluctuations remain a key factor in corporate earnings and broader market trends.