The Japanese Yen weakened against major currencies on Friday, with the USD/JPY pair fluctuating within a narrow range. According to FX Street, the pair traded around 157.86 yen, swinging between 157.51 and 158.36 yen without establishing a clear trend.
During European trading hours, the USD/JPY rose approximately 0.3% to reach near 158.25 yen. FX Street anticipates the pair will continue to trade intraday within a 157.50–158.50 yen band, while consolidating in a slightly wider range of 157.00–158.70 yen over the next one to three weeks.
Market participants in Japan remain attentive to the Yen's movements amid ongoing global uncertainties and monetary policy developments, which continue to influence currency volatility and investor sentiment.