USDJPY: Bullish Trend Holds with Critical Support Near 156 in Focus, May 22, 2026
USDJPY has shown heightened volatility recently, closing yesterday at 159.017 near yearly highs. This week’s price action was shaped by a retreat in the dollar due to falling crude prices and rebounding equities. Additionally, Japanese intervention and growing expectations of Bank of Japan rate hikes have kept the pair trapped in a 156-160 range. For the everyday investor, this means that while volatility is elevated, buying opportunities on dips near key support levels are emerging as the BOJ signals monetary policy tightening ahead.


