The USD/JPY currency pair is testing the significant psychological level of 150.00, with the Japanese yen emerging as today’s leading gainer after the release of stronger-than-expected Tokyo inflation data. This unexpected spike in inflation is primarily attributed to the conclusion of government energy subsidies. As inflation rates rise, traders must remain cautious of its implications for monetary policy moves from the Bank of Japan, especially considering the current global economic climate. The market awaits further developments that could influence the yen’s strength against the US dollar. Investors should keep a close eye on upcoming economic data releases that might impact currency fluctuations in the near term.