USD/JPY under pressure as Japan signals FX intervention readiness

USD/JPY faces downward pressure as Japanese Prime Minister Takaichi signals readiness for foreign exchange intervention, emphasizing the government will take "appropriate actions if necessary." The yen has weakened significantly in recent sessions, prompting increased concern from Japanese officials despite expectations of an upcoming Bank of Japan rate hike. Takaichi stressed the importance of currency stability reflecting fundamentals and confirmed authorities are "watching market moves closely." The intervention rhetoric intensifies as USD/JPY trades near multi-month highs, with the 150.00 psychological level acting as a key resistance. Market participants now face heightened intervention risk above this threshold, potentially limiting further yen weakness. Technical indicators suggest immediate support at 148.50, while a break below could accelerate yen strength toward 147.00. Traders should monitor Japanese official comments and any unusual price action that might signal actual intervention, particularly during Asian trading hours.