USDJPY consolidates near 149.80 ahead of BoJ and Fed meetings

USDJPY is trading in a narrow range around 149.80, showing limited movement as traders await key central bank decisions from both the Bank of Japan and Federal Reserve this week. The pair has been confined to a 30-pip range (149.65-149.95) during Monday's Asian session, reflecting market uncertainty about potential policy divergence. Japan's economic stabilization policies have shown early signs of success, with recent inflation data meeting BoJ targets. However, geopolitical tensions and ongoing US-China trade negotiations continue to influence yen flows. Technical indicators suggest neutral momentum, with the pair respecting the 150.00 psychological resistance and finding support at 149.50. The upcoming BoJ meeting on Tuesday could provide direction, particularly if officials signal any shift in their ultra-accommodative stance. Wednesday's Fed decision remains the week's main event, potentially triggering significant USDJPY volatility depending on rate guidance.