The USD/JPY currency pair fell towards 153.50 as the yen strengthened amid growing expectations of a Federal Reserve rate cut in December. The dollar's broad weakening comes as markets anticipate a near-certain rate reduction by the Fed. Meanwhile, the yen gained support after Bank of Japan Governor Kazuo Ueda indicated the possibility of a rate hike, with markets now pricing a 36% chance of a December increase. Key technical levels for USD/JPY include 153.50 as daily support and 155.66 as intraday resistance. Traders are closely monitoring upcoming U.S. economic data, including ISM, ADP, and jobless claims, ahead of the Federal Open Market Committee meeting.