USD/JPY Eyes Key 151 Support Amid Soft GDP and Rate Cut Expectations

USD/JPY faces potential downside pressure toward the key 151 support level as soft US GDP data and growing rate cut expectations weigh on the dollar. The pair is under scrutiny as weaker-than-expected economic growth figures have reinforced market bets that the Federal Reserve may need to ease monetary policy sooner than previously anticipated. The US Dollar Index has softened in response, reducing the yield advantage that has traditionally supported USD/JPY. Meanwhile, the Bank of Japan's gradual normalization stance continues to provide underlying support for the yen. From a technical perspective, the 151 level represents a critical support zone that has previously acted as a significant inflection point. A decisive break below this level could open the door for an accelerated move lower toward the 150 psychological handle. Conversely, if buyers defend 151 successfully, a relief bounce back toward resistance in the 152-153 zone remains possible. Traders should monitor upcoming US economic releases and Fed commentary for further directional cues on the pair.