USD/JPY Slumps After BOJ/Fed Intervention, Key Levels in Focus

The recent intervention by the Bank of Japan (BOJ) and the US Federal Reserve (Fed) in the yen for foreign exchange has led to a significant drop in the USD/JPY pair, but it's not entirely unexpected.

According to The_STA, the pair fell hard after the intervention, but stopped almost exactly at the old low from May '26, around 155. This is no coincidence, as this level has become crucial for market participants.

The_STA notes that there's also a tight pivot zone sitting overhead between 160.46-160.72 (the April '26 high meeting the July '26 low), and this is shaping up as resistance.