USD/JPY remains trapped near 150.00 as investors dare BoJ to intervene

The USD/JPY continues to pin into the 150.00 handle as investors await a potential BoJ market intervention. Calls are rising for the BoJ to take action to protect consumers from inflationary pressures. Despite defensive concerns, the BoJ remains skittish about possible deflationary issues in the future. ningful break after tipping into 150.16 at the beginning of October.

JPY traders will be looking ahead to Japan's Tokyo Consumer Price Index inflation figures early Friday, with Core Tokyo CPI forecast to hold steady at 2.5% for the year into October. The headline Tokyo CPI annualized figure for September last came in at 2.8%, and the BoJ will be looking for evidence that inflation will not decline past the central bank's 2% minimum target. USD/JPY Technical Outlook With the USD/JPY pair trapped just south of 150.

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