USD/JPY trades close to 150.00, fears of intervention remain intact

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• USD/JPY juggles around 150.00 while Japan’s intervention fears remain intact.
• US annualized GDP data is seen higher at 4.1% despite higher interest rates by the Fed.
• Japan’s stealth intervention won’t be able to provide longer stability to the Japanese Yen.

The USD/JPY pair consolidates in a narrow range near the crucial resistance of 150.00. The upside in the asset seems upbeat as investors hope that the Federal Reserve (Fed) will keep the interest rate policy tight for a long period if not discuss raising interest rates further.