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fxJun 23, 2026, 5:09 AM

USD/JPY Holds Above 161.50, Eyes Multi-Decade High Despite Intervention Fears

USD/JPY enters a bullish consolidation phase, trading just above 161.50, with traders eyeing multi-decade highs even as intervention fears persist.

USDJPY

The USD/JPY pair is in a bullish consolidation phase during Tuesday's Asian session, holding above the 161.50 level. The pair remains near multi-decade highs, driven by persistent interest rate differentials favoring the dollar.

Traders are cautious amid ongoing speculation about potential intervention by Japanese authorities to stem further yen weakness. The market continues to test resistance levels while monitoring verbal warnings and any actual steps from the Bank of Japan or Ministry of Finance.

Source: FXStreet Forex News