The USD/JPY currency pair experienced notable volatility on Tuesday, with the pair dropping sharply before staging a partial recovery. According to FX Street, the pair traded just under 154.00 yen, roughly 40 pips lower after a 147-pip round trip during the session.
FX Street reported that the USD/JPY continued its decline for a second consecutive day, losing 0.40% overall. The pair found support around the 153.00 yen level and was set to close the session near 153.75 yen.
This movement highlights ongoing fluctuations in the Japanese Yen amid a backdrop of global economic uncertainty, which continues to influence FX markets and investor sentiment in Japan.