USDJPY -23.09.2026

USDJPY: bullish bias, but with elevated intervention risk. The supplied analysis places 156.40 as the key near-term support and 157.30 as an additional support. Holding above 156.40 keeps the stated 159.50–160.00 upside zone in play; a sustained break below it would weaken that technical case and could prompt a faster pullback.

The main counterweight is the excerpt’s warning that the BOJ may step in. Intervention concerns can make yen shorts vulnerable to abrupt reversals, so the bullish setup is conditional rather than one-way. Traders should monitor price behavior around 156.40, any official Japanese comments or intervention signals, and whether the move reflects broad US-dollar strength or yen-specific weakness. Short term, the bias is upward while support holds; the excerpt alone does not establish a longer-term fundamental driver.