USD/JPY Nears 160.00 as Iran Rejects Ceasefire and Japan Inflation Softens

The USD/JPY pair is currently trading near the 159.50 level, approaching the critical 160.00 resistance zone amid persistent intervention anxieties and soft Japanese inflation data. Markets have shifted into a broader risk-off mode as uncertainty grows regarding the prospect of a long-term conflict in the Gulf region following Iran's rejection of ceasefire terms. Investors are now beginning to assess how these escalating geopolitical tensions might influence future global monetary policy directions. On the technical front, focus has expanded to include the GBP/USD pair alongside USD/CAD, which remains at an ideal level for fading recent US Dollar strength. Meanwhile, the BoJ continues to enhance transparency through new inflation estimation measures, as markets remain on high alert for potential official intervention should the 160.00 psychological barrier be breached.

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