The dollar-yen pair briefly fell more than 60 pips in short-term trading before stabilizing at 161.4, according to Gate data.
USD/JPY briefly dropped more than 60 pips (0.01 yen in FX pricing) in short-term trading and was last quoted at 161.4, down 0.8% on the day, Gate data showed. The move points to a sharper intraday swing in the dollar-yen pair, one of the most closely watched currency benchmarks in global markets.