The USD/JPY experienced a brief dip during Thursday’s trading but rebounded, currently trading around the 149.00 mark. Concerns loom over potential intervention by Japanese authorities in the FX market to defend the domestic currency. The dollar’s corrective slide from an 11-month peak is halted despite expectations of the Federal Reserve continuing to hike interest rates. Technically, the USD/JPY showed resilience below the 100-period Simple Moving Average on the 4-hour chart. Further upside for the USD/JPY might confront resistance near the 149.60 area, with a decisive break potentially challenging the 150.00 intervention level.