USD/JPY extends gains as yen weakness persists in Asia-Pacific trading

The Japanese yen continued its decline during Monday's Asia-Pacific session, with USD/JPY advancing 0.4% to trade near 151.20, marking its fourth consecutive day of losses. The yen's weakness stems from persistent divergence between the Bank of Japan's ultra-dovish stance and tightening monetary policies elsewhere, particularly as the Federal Reserve maintains its hawkish rhetoric. Market participants remain skeptical about any immediate BOJ policy shifts despite growing inflation pressures. Technical indicators suggest USD/JPY has broken above the key 151.00 resistance level, opening the path toward 152.00. The 150.50 zone now acts as immediate support. Traders are closely monitoring Japanese officials' verbal intervention attempts, though actual currency intervention seems unlikely unless the pair approaches the politically sensitive 155.00 level. The yen's broad-based weakness extends to crosses, with EUR/JPY and GBP/JPY also posting notable gains.