USD/JPY: Will 155 break? – OCBC

💡 DMK Insight

USD/JPY is hovering around 154.75, and here’s why that matters right now: The interplay of fiscal concerns and the Bank of Japan’s (BOJ) delayed policy normalization is keeping this pair volatile. With the USD gaining strength amid ongoing global economic uncertainties, traders should watch for potential intervention risks from the BOJ, which could shift market dynamics quickly. If USD/JPY breaks above 155, it could signal further bullish momentum, attracting more buyers. Conversely, any signs of intervention or a shift in risk sentiment could lead to a sharp pullback. Keep an eye on economic indicators from both the U.S. and Japan, as they could provide clues on future movements. Also, monitor the daily chart for any emerging patterns that could indicate a reversal or continuation of the current trend. Here’s the thing: while many are bullish on the dollar, the risk of BOJ intervention could catch traders off guard. If you’re long, consider setting tighter stop-loss orders around 154 to protect against sudden moves.