The USDJPY currency pair trades in a tight range around 158.50 during the Asian trading session on Thursday. The pair consolidates as the upbeat US dollar has offset the decent recovery in the Japanese yen. Japan’s currency gains ground after remaining downbeat in the past few weeks amid fears of intervention. Chief Cabinet Secretary Seiji Kihara said in Tokyo on Wednesday that the government could intervene due to one-way excessive moves against the JPY. However, the recovery move in the Japanese currency is expected to remain capped, with Prime Minister Sanae Takaichi’s trade remaining in traction. Market experts are pricing The post Takaichi’s trade caps yen upside appeared first on Financial Mirror .