Tokyo Inflation Beats Forecast as Yen Falls Further; Markets Test BoJ's Resolve on Policy

Tokyo CPI inflation beat expectations, coming in at 2.7% vs 2.5% forecast.

USD/JPY continues trading above 150.00 as markets dare BoJ to intervene.

BoJ may be forced to adjust monetary policy if inflation persists above 2% target.

USD/JPY exhibits bullish technical outlook, with next target around 152.00.

Markets await US PCE data on Friday to close out trading week.