The USD/JPY currency pair traded in a narrow range on Monday, fluctuating just above 162.00 and slightly beyond 162.50. According to FX Street, the session’s price action was confined within a 40-pip band, with the pair changing hands near the 162.50 level.
This limited movement, wedged between a floor just above 162.00 and a ceiling slightly past the half-handle of 162.50, suggests subdued volatility in the market. FX Street highlighted the pair’s steady stance despite broader global uncertainties.
For Japanese investors, the stable USD/JPY range comes amid ongoing concerns over domestic inflation and monetary policy, factors that continue to influence the yen’s performance against the dollar.