USD/JPY remains trapped near 150.00 as investors dare BoJ to intervene

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• The USD/JPY continues to pin into the 150.00 handle as investors await a potential BoJ market intervention.
• Calls are rising for the BoJ to take action to protect consumers from inflationary pressures.
• Despite defensive concerns, the BoJ remains skittish about possible deflationary issues in the future.

The USD/JPY continues to cycle close to the 150.00 major handle, and the pair has constrained into a tight holding pattern after failing to make a meaningful break after tipping into 150.16 at the beginning of October.