USD/JPY recovers after hitting a four-day low, as Tehran’s non-retaliatory stance calms market fears.
Consolidation near 155.00 under scrutiny, with Japanese officials wary of excessive forex volatility.
Technical levels to watch: support at Tenkan-Sen 153.18, with further supports at 152.29 and 151.41.
The USD/JPY consolidated at around the 154.60s area on Friday after diving to a four-day low of 153.59, courtesy of heightened geopolitical tensions spurred by the escalation of the Israel-Iran conflict. Nevertheless, Tehran downplayed the attacks, adding they don’t plan to retaliate. That eased off pressure on the financial markets, as witnessed by the correction in the major. The pair trades at 154.62, virtually unchanged
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