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Weekly outlookVideo · 3 minBearish

USD/JPY slips toward 153 ahead of Friday’s BoJ decision

· USDJPY · FXpips research desk

The yen has firmed from near 158 early this month to around 153.60, with markets pricing about an 80% chance the Bank of Japan hikes to 1.25% on Friday. While 155 caps rallies, the bias stays lower.

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What’s driving it

  • BoJ decision Friday — roughly 80% priced for a hike to 1.25%
  • Five-year JGB yields at a record high
  • Fed hike expectations limit how far the pair can fall

Key levels

Resistance

155.00156.60

Support

153.00151.80

Scenarios

Bullish caseA BoJ hold would likely squeeze USD/JPY back above 155.00.
Bearish caseA hike with hawkish guidance and a close below 153.00 target 151.80.

General market commentary for education, not personal advice. Levels can shift quickly around news.

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