USDJPY — July 31, 2026US Dollar vs. Japanese YenFX:USDJPYWeiL9295What actually happened BOJ held rates at 1.00% as expected — no surprise there Sharp yen move driven by suspected MOF intervention + carry trade unwind Yen gained 2%+ in minutes around 9:55am New York time with no clear headline to explain it Soft US Q2 GDP (1.5% vs 2.1% expected) added dollar weakness on top Technical Read Weekly iFVG + daily FVG confluence at 158–158.50 — both mitigated by the spike PWL at 155.50 remains intact 4HR showing potential bounce — but structure not confirmed yet Why we're waiting Risk not worth taking without proper LTF MS confirmation Bias: Neutral to long — watching for structure confirmation in August before any entry