[MARKET UPDATE] USD/JPY continues to incrementally edge higher following earlier volatility, with the pair at session highs of 157.25 having earlier printed a 156.59 low; newsflow has been light in recent trade; Japanese traders away till May 6th

The USD/JPY has shown incremental strength today, reaching session highs despite previous volatility, suggesting underlying buying interest for the dollar amidst light newsflow.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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[MARKET UPDATE] Immediate downside seen in USD/JPY moving from 157.20 to 156.00 in under 2 minutes; Japanese markets are closed from May 3rd-6th; some have suggested this could be a good time for intervention, given muted activity and volumes

[MARKET UPDATE] USD/JPY continues to incrementally edge higher following earlier volatility, with the pair at session highs of 157.25 having earlier printed a 156.59 low; newsflow has been light in recent trade; Japanese traders away till May 6th

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The absence of Japanese traders until May 6th may contribute to reduced liquidity, amplifying any moves, so it's important to monitor for potential trading opportunities as the pair navigates these levels.

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