AUD/JPY Gains Attention as USD/JPY Stalls Near 160 Yen

The USD/JPY pair continues to face significant resistance at the 160-yen level, nearly three weeks after a coordinated Japan-U.S. intervention in late July.

Volatility has plummeted since then, and the pair remains stuck in a range-bound market between 155-160 yen, with traders struggling to establish direction.

The tug-of-war between U.S. long-term interest rate trends and intervention caution is behind this lack of direction.

In contrast, the AUD/JPY cross has been gaining attention due to its carry appeal in a low-volatility environment.