USDJPY at 155: Intervention Threats & A Possible Big DropUS Dollar/Japanese YenFX:USDJPYAkil_StokesRecently, the Bank of Japan has been dropping hints that they might be gearing up for intervention on the USDJPY because of the yen’s ongoing weakness. The 155 level keeps coming up, which has a lot of traders on alert. But here’s the thing—while intervention does happen and the BOJ has stepped in before, a lot of this type of talk is what we call jawboning. It’s basically a way to spark a little fear and trigger a market reaction without actually doing anything… yet. From a technical standpoint though, things are genuinely interesting. USDJPY is sitting inside a descending triangle on the weekly chart, and price is currently reacting off its third consecutive lower high. So if these intervention rumors pick up steam—or if upcoming U.S. data shifts the narrative back toward potential rate cuts instead of the now-expected hold—we could see this pair open up a really clean path to the downside. If you have any questions, comments, or just want to share you ideas, please do so below. Akil