Yen Trapped in Range as Hawkish Holds by Fed and BoJ Sustain Consolidation

The Japanese yen has become range-bound against the US dollar as markets anticipate that both the Federal Reserve and Bank of Japan will maintain their hawkish stance at upcoming meetings.

USD/JPY is trading near 150.00, with traders caught between two central banks reluctant to signal imminent easing.

The dual-hawkish outlook has effectively neutralized the directional catalyst for USD/JPY, leaving the pair trapped in a consolidation pattern.

Technical analysts point to the 148.00-152.00 range as the key battleground, with a break below support potentially signaling a more aggressive BoJ tightening cycle.