USD/JPY –05.11.2026
Nov 5, 1:26 PM·
Medium Pessimistic
Summary
USD/JPY faces resistance as traders remain wary of pushing the pair higher amid the risk of another Bank of Japan intervention to support the yen. A bearish formation is now pointing toward a test of the 153.90–154.40 support zone.
USD/JPY Traders Wary of BOJ Intervention as Drop Formation Targets Support
USD/JPY traders remain reluctant to push the pair higher amid fears that the Bank of Japan (BOJ) may intervene again to support the yen, according to an analysis published by Orbex on November 5, 2026.
Bearish Formation Points to Support Test
The analysis notes that a drop formation is now looking toward a test of the support zone at 153.90–154.40.
Key Points
- Traders still fear pushing the market further up.
- The BOJ may intervene again to support the yen.
- A drop formation is targeting the 153.90–154.40 support zone.
The source material does not specify further levels, timing, or the outcome of any potential intervention.