The Japanese Yen traded slightly weaker on Tuesday, moving within a narrow range despite a sharp decline in regional equity markets. According to FX Street, the Yen fluctuated just below the 164.00 level, showing only marginal weakness throughout the day.
The currency remained confined to a 30-pip band, with support holding above 163.50 yen and resistance just below the current cycle's high. This tight trading range suggests limited volatility for the Yen amid broader market turbulence.
For Japanese investors, the Yen's relative stability provides some respite as regional equities experience heightened selling pressure, underscoring the currency's role as a defensive asset in uncertain market conditions.