usdjpy2506The USD/JPY pair struggled to capitalize on its early uptick and has now retreated around 10-15 pips from over one-week tops, albeit has still managed to hold above the 107.00 mark.

The pair added to the previous day's strong positive move and gained traction for the second consecutive session on Thursday amid some follow-through US dollar strength. However, the prevalent risk-off mood underpinned the safe-haven demand and kept a lid on any strong gains for the USD/JPY pair.