USD/JPY continues to trade with a better bid, pausing just below 155 as traders remain wary of potential FX intervention and massive option barriers at that level. Technical support comes from the hourly Ichi cloud and daily kijun, while recent moves are attributed to rate differences and fundamentals rather than disorderly market action. The market is expected to stay quiet until the BOJ announcement and the US PCE release, with no major option expiries until Thursday and Friday.
"The article highlights key factors affecting USD/JPY—potential FX intervention, significant option barrier levels near 155, and upcoming BOJ and US PCE releases—that directly influence market sentiment and price movement."