USD/JPY trades with mild positive bias blow 150.00, looks to key central bank meetings

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• USD/JPY kicks off the new week on a positive note and recovers a part of Friday’s losses.
• The divergent BoJ-Fed policy outlook is seen as a key factor lending support to the major.
• Intervention fears might keep a lid on further gains ahead of the central bank event risks.

The USD/JPY pair attracts some dip-buying on the first day of a new week and for now, seems to have stalled its retracement slide from the 150.75-150.80 area, or the highest level since October 2022 touched last week. Spot prices, however, lack bullish conviction and currently trade around the 149.70-149.75 region, up less than 0.10% for the day, as traders look to key central bank meetings before placing fresh directional bets.