The USD/JPY pair fell to 148.49, marking a third consecutive day of declines as markets digest mixed signals from the Bank of Japan. Some members advocated for further rate hikes, assuming current growth and inflation forecasts hold. Upon reaching this level, we anticipate a potential new growth wave towards 149.95. ConclusionUSD/JPY remains under pressure amid divergent signals from the BoJ and soft domestic data. While the near-term technical bias is bearish, the current decline is viewed as a correction within a broader uptrend, with the potential for a renewed upward move upon completion of the current wave.