Forex
USD/JPY Marches Toward 160.00 as Investors Await Key Data Releases
The Japanese Yen remains on the defensive against the US Dollar in a low-volatility market as investors await key data releases and the Jackson Hole symposium.
The USD/JPY pair has extended gains to levels past 159.30, drawing closer to the key 160.00 level.
Fears of another intervention are keeping Yen dips limited, but concerns about Japan's fiscal stability and the gap between interest rates at the Bank of Japan and major central banks are a strong headwind for Yen appreciation.