USD/JPY Holds Steady as Dollar Waits on Jackson Hole Cues
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The dollar finished only slightly higher against the yen following a session of subdued trading, as fresh US economic data failed to shift the broader narrative. USD/JPY buyers stayed cautious, unwilling to commit to fresh positioning before Jackson Hole commentary landed.
This pause reflects a market in wait-and-see mode. With inflation data offering no clear surprise, traders shifted attention to central bank rhetoric instead of macro releases, keeping USD/JPY confined to a tight range through the session.
The lack of directional conviction suggests the pair could see a delayed but sharper move once Fed officials clarify their policy path this week.