USD/JPY consolidates after clearing the 2022 high (151.95), but the exchange rate may attempt to break out of the range bound price action if it responds to the positive slope in the 50-Day SMA (149.35). USD/JPY seems to be unfazed by the warning shots by Japanese authorities as it trades near the yearly high (151.97), and the threat of a currency intervention may persist as the Bank of Japan (BoJ) shows no interest in carrying out a hiking-cycle. In turn, the opening range for April in focus for USD/JPY as market participation is likely to pick up following the Easter holiday, and it remains to be seen if the ... (full story)