USD/JPY has risen as more liquidity enters Asian morning trade.

There is no fresh yen related news apart what has already been posted.

Just crossing now:

  • Japan industry minister Muto requested the US eclude Japan from steel and aluminium tariffs

Current indications from Trump are 'no exclusions'.

Also, 2 year JGB yields are hitting their highest since October 2008

Not much:

usdyen up trend 12 February 2025 2
Source: Forex Live