USD/JPY Holds Steady Before US Inflation Data; Fed Policy Outlook Eyed
• USD/JPY stable ahead of critical US inflation data release, affecting Fed policy outlook • Markets divided on potential for Fed rate cuts in May amid calls for patience • BoJ unlikely to normalize policy quickly due to slow wage growth • USD/JPY seen testing 150 level, with further upside potential • Technical outlook shows consolidation under 150, with support at 149 and resistance at 151