JPY Soars as BoJ Hints at Accelerated Tightening; USD/JPY Plunges Below 156

The Japanese Yen surged, with USD/JPY dropping to 155.40, down 2.07%, after the BoJ hinted at faster rate hikes. This shift challenges prior dovish expectations, altering interest rate differentials and impacting carry trades. Technical patterns show strong bearish momentum, while future JPY strength hinges on actual BoJ follow-through and economic data. Volatility is expected to remain high.