USD/JPY Crashes to 150.00 as BoJ Exit Rumors Swirl

The USD/JPY pair plummeted to the key 150.00 support level during early American trading, driven by mounting expectations that the Bank of Japan may finally end its ultra-loose monetary policy. Positive statements from Japanese officials about the economic outlook are bolstering these hopes.

Market focus now shifts to the US ISM Services PMI and Fed Chair Jerome Powell’s testimony on Wednesday. Powell’s comments on interest rate policy will significantly steer the USD/JPY’s direction.

A decisive break below 150.00 signals further downside potential for USD/JPY. Traders should watch for a possible bounce at this level or a continued slide on hawkish Fed commentary.