USD/JPY Rises to 153.50 as BoJ Maintains Ultra-Loose Policy Stance

USD/JPY has climbed 0.9% to 153.50 after the Bank of Japan kept interest rates unchanged at 0.10%, maintaining its accommodative monetary policy despite inflation concerns. Governor Ueda indicated that while rate hikes remain possible, the central bank needs more evidence of sustained wage growth and stable inflation above 2%. The decision disappointed yen bulls expecting a more hawkish tilt. Japanese 10-year yields fell to 0.95%, widening the rate differential with US Treasuries at 4.28%. Technical analysis shows USD/JPY breaking above the 153.00 resistance, with next targets at 154.00 and 154.50. The 14-day RSI at 62 suggests further upside potential without being overbought. Support levels stand at 152.80 and 152.00. Markets now focus on Friday's Tokyo CPI data, which could influence the BoJ's December meeting outlook and yen trajectory.