The USD/JPY exchange rate trades around 150.50, with the Bank of Japan’s Governor Kazuo Ueda highlighting the bank’s readiness to continue raising interest rates based on the economic outlook. Analysts at BBH report that it may be challenging for USD/JPY to sustain a break above the 151.71 mark.

This presents an interesting scenario for forex traders, as the market awaits further economic data and signals that could drive significant fluctuations in this pairing.

While monitoring resistance levels, participants should prepare for potential volatility as upcoming reports could lead to market re-evaluations.