The USD/JPY currency pair declined for the second consecutive day on Friday, slipping below the 161.00 yen mark during the European session, reaching its lowest level in over two weeks. According to FX Street, this drop occurred in the first half of the European session, reflecting ongoing market adjustments.
This move also brought the pair close to the 23.6% Fibonacci retracement level, indicating a technical pullback from recent highs. The sustained weakness in USD/JPY suggests traders are reassessing risk amid evolving global economic conditions.
For Japanese investors, the yen’s recent strength has implications for export-driven equities and foreign exchange strategies, especially as currency fluctuations continue to influence corporate earnings and market sentiment.