USD/JPY Price Analysis: 100-hour SMA near 150.00 holds the key for bulls ahead of US PCE data

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• USD/JPY meets with some supply on Friday and snaps a three-day winning streak to the YTD top.
• Intervention fears benefit the JPY and exert pressure on the pair amid subdued USD price action.
• The divergent Fed-BoJ policy outlook should limit the downside ahead of the US PCE Price Index.

The USD/JPY pair edges lower during the Asian session on Friday and for now, seems to have snapped a three-day winning streak to its highest level since October 2022, around the 150.75-150.80 region touched the previous day. Spot prices, however, manage to hold above the 150.00 psychological mark as traders keenly await the US PCE Price Index before positioning for the next leg of a directional move.