Recently, the USD/JPY experienced a minor rally during Wednesday’s trading, driven by consistent upward pressure. In contrast, the yen is on a decline, primarily due to the Bank of Japan’s policies, which has shown no signs of hiking interest rates. Despite some verbal interventions from the Bank of Japan, there have been no significant policy shifts in its recent meetings. Given the Federal Reserve’s stance on maintaining a tighter policy for an extended period, the US dollar is expected to remain strong. The market is poised to reach, and potentially surpass, the ¥150 level. Short-term retracements are likely to find significant support around the ¥147.80 level. Each upward movement is seen as offering value, making the current market conditions unfavorable for shorting.