Key Support for USD/JPY at 152.00 Amid Anticipated BoJ Policy Changes

The Japanese yen continues to strengthen on expectations of interest rate hikes and reduced bond purchases by the Bank of Japan. The first notable support level is at 152.00. If this level is breached and downward momentum continues, the next levels to watch are 151.15 and 150.00, respectively. On the upside, the initial resistance is at 153.50. If this level is surpassed, further resistance levels to monitor are 154.50 and 155.50.