USD/JPY exhibits heightened volatility within a wide range of 155.15-160.20, accentuated by a public holiday in Tokyo. Swift movements from 158.60 to 160.20, followed by a sharp retreat to around 159.20, mark erratic behavior. The climb above the psychological level of 160.00 triggered stop-loss orders and option structures, contributing to volatility. Significant pullback from 159.50 to 155.02, influenced by Bank of Japan's yen purchasing actions, suggests potential sustained intervention. Support established at Friday’s low of 154.91, with resistance at intraday high of 160.20. Market sentiment is mixed, leaning towards positivity due to robust carry trade appeal of USD but cautious of potential BoJ intervention, maintaining portions in negative and neutral territories. Likelihood of dip-buying behavior depends on alignment of yield spreads with USD strength.

Introduction: USD/JPY experiences heightened volatility amidst a wide range, influenced by a public holiday in Tokyo. Erratic movements and swift climbs trigger stop-loss orders, while Bank of Japan's intervention hints at potential sustained actions.

Technical Analysis: The pair oscillates within a wide range of 155.15-160.20, with significant movements from 158.60 to 160.20 and retreat to around 159.20. Break above 160.00 triggers stop-loss orders and option structures, contributing to volatility. Pullback from 159.50 to 155.02 influenced by BoJ's yen purchasing actions.

Market Sentiments: Mixed sentiment with 40% positive, 30% negative, and 30% neutral perspectives. Positive sentiment driven by robust carry trade appeal of USD, but cautious of potential BoJ intervention, maintaining portions in negative and neutral territories.

Conclusion: USD/JPY demonstrates heightened volatility within a wide range, impacted by Tokyo holiday and swift movements triggering stop-loss orders. Bank of Japan's intervention suggests potential sustained actions, influencing market sentiment. Support at Friday’s low of 154.91 and resistance at intraday high of 160.20. Market sentiment is mixed, with positivity from carry trade appeal tempered by caution of potential intervention, impacting dip-buying behavior contingent on yield spread alignment.