USD/JPY forecasts raised as pair sustains breakout above 150.00 level

USD/JPY has emerged as the standout forex performer over the past month, maintaining gains above the psychologically important 150.00 level and prompting analysts to raise their forecasts for the pair. The sustained rally reflects widening interest rate differentials between the Federal Reserve and Bank of Japan, with the Fed maintaining its hawkish stance while the BOJ continues ultra-loose monetary policy. Japanese authorities have remained notably silent on the yen's weakness, suggesting tolerance for current levels despite approaching intervention territory. Technical momentum remains strong with the pair establishing support at 150.00, while resistance lies at 151.50 (October 2022 high). The forecast revision indicates expectations for continued yen weakness, potentially targeting 152.00-155.00 range in coming months. Traders should monitor any shift in BOJ rhetoric or signs of intervention, which could trigger sharp reversals in the overextended rally.