USD/JPY Forecast: Yen Rally Stalls Near 155 Support
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USD/JPY is hovering close to the 155 mark, with the pair struggling to extend its recent yen-positive momentum. Much of the anticipated Bank of Japan policy tightening appears to already be reflected in current pricing, capping further downside for the pair in the near term.
Without a decisive break below 155, traders may view this zone as a consolidation base rather than a launchpad for deeper yen appreciation. The medium-term structure remains constructive for JPY, but momentum has clearly cooled compared to earlier in the cycle.
A fresh catalyst — whether from incoming Japanese data or policy signals — will likely be required to push USD/JPY decisively away from this key technical zone.