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fxJun 22, 2026, 3:02 PM

USD/JPY Retreats from 161.90 Highs, Hits 161.07 on Intervention Watch

The USD/JPY pair fell to 161.07 on Monday, retreating from highs near 161.90, as traders remain alert to possible Japanese intervention after the pair approached four-decade highs.

USDJPY

The USD/JPY pair sank as low as 161.07 on Monday, pulling back sharply from earlier highs near 161.90. The move comes as traders stay on edge over potential Japanese intervention, following the pair's approach to a four-decade high.

Market participants are closely watching for any signs of official action to support the yen, which has been under sustained pressure. The retreat from the highs suggests caution ahead of possible policy moves from Tokyo.

Source: FXStreet Forex News