USD/JPY: Eyes on BOJ Decision Amid Calm Market

Ahead of the Bank of Japan's interest rate decision scheduled for Friday at GMT 03:00, we're observing relatively calm price action in the USD/JPY pair. The data flow from the US will also play a decisive role. Despite the yen gaining strength against other currencies in recent weeks, it couldn't resist the dollar's momentum, reaching the 155 target level. Therefore, focusing on data from both the US and Japan this week, maintaining levels above 155 could logically update the target to 156.90. On the downside, we'll monitor the 154.50-154.40 support range for short-term pullbacks, with the last defense level at 153.30. Below this point, a retest towards the 152 level is likely.