USD/JPY Hits One-Month High Amid Fed Hike Expectations and US-Iran Tensions
The USD/JPY currency pair continues to trade near its one-month high, hovering just below the 160.00 threshold in the Asian session.
This comes as concerns over Japan's fiscal position and the persistent US-Japan yield gap keep upward pressure on USD/JPY.
Rising expectations of a September Fed rate hike and heightened US-Iran tensions underpin demand for the US Dollar, further supporting the pair.