Japan FX intervention data underscores challenge of reversing weak yen

Structural headwinds keep currency in tight range but analysts see possible 2027 rally The Japanese yen has traded in a range of 157 to 158 against the U.S. dollar for over a month. (Photo by Naoko Inoue) TOKYO -- The Japanese yen has hovered in a range of around 157 to 158 per dollar for over a month as structural challenges hinder a sustained rise, with new data highlighting the limits of government intervention.