USD/JPY consolidates near 9-month highs with pullback risk

USD/JPY is holding near 9-month highs but showing signs of consolidation as traders weigh the potential for a corrective pullback. The pair has maintained elevated levels supported by widening interest rate differentials between the Federal Reserve and Bank of Japan, with US yields remaining substantially higher than Japanese counterparts. However, technical indicators suggest the rally may be overextended, raising the risk of profit-taking and a temporary retreat. The psychological 155.00 level continues to act as strong resistance, while immediate support has formed at 153.50. Market participants remain cautious about potential intervention from Japanese authorities if yen weakness accelerates further. Near-term price action will likely depend on US Treasury yield movements and any shifts in BOJ policy stance. A break below 153.50 support could trigger a deeper correction toward 152.00.