The USD/JPY currency pair has surged to a fresh 12-month high, crossing the 150.30 threshold, as the Japanese Yen weakens further against the backdrop of global market dynamics. This significant move comes as the Bank of Japan (BoJ) consistently defends the 150.00 level, a historical benchmark that has been staunchly protected by the central bank in previous instances. The US Dollar’s strength is being fueled by a combination of widespread market risk aversion and the continuous climb of US Treasury yields, which have now reached levels not seen since the early days of 2007. Despite the BoJ’s reluctance to raise interest rates in the past two years, Wall Street is anticipating a potential shift in the bank’s strategies, possibly even an abandonment of their yield curve control mechanism. As the week progresses, market participants will be closely monitoring Japan’s inflation data, particularly the Tokyo Consumer Price Index (CPI), to gauge any potential policy adjustments by the BoJ in response to domestic inflation trends.