USDJPY Forecast for May 5, 2026
USDJPY saw a sharp drop completing a full margin cycle, and it was precisely from that zone where we got a price reaction and the recovery phase began.
Price is now approaching resistance — the 1/2 margin level measured from the recent low. Only a sustained close above this zone (on a closing basis) would signal further upside toward 159.26 and 160.65.
Latest news:
Japan has two remaining key intervention windows under IMF rules
According to International Monetary Fund guidelines, Japan is allowed to conduct no more than two three-day intervention sessions before November while maintaining the yen’s free-floating exchange rate status.