USD/JPY Rises as Yen Underperforms Ahead of Critical Japanese Releases

The USD/JPY currency pair is rising as the Japanese yen underperforms its G10 peers ahead of several key releases. The Bank of Japan's (BoJ) policy decision, trade figures, and Consumer Price Index (CPI) release are all due in the coming days.

A rate increase from the BoJ is considered fully priced into the market, shifting attention to the central bank's tone and guidance on future hikes. One additional BoJ hike before year-end is also seen as almost fully priced.

For traders, key technical levels include resistance at 155 and support around 152-153. The upcoming CPI release will be crucial in determining whether this resistance level holds or breaks.