USD/JPY AI Live Scan, daily chart, Sunday, 1 November 2026
Every read JAFX AI made on the USD/JPY daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:03 UTC
Sideways after September rebound, highs edging lower · RSI 45 · price 157.533
Range 156.08–159.03 since late Sep; lower high at 158.35 after Oct false break.
After the early-September drop from the 160.39 sept high to the 152.89 sept low, the pair retraced most of the move to the 159.03 range top by Sep 24 and has since been held in a 156–159 band for five weeks. The Oct 22 break below the range floor proved a false break, with demand stepping in at the 156.08 oct low near the 50% retrace of the sept rally fib. The rebound stalled at a lower high of 158.35 as the BoJ's hawkish hold and softer US yields capped USD. Price now sits just under EMA20 and marginally above a flat ema50 around 157.40.
Support: 157.40, 156.08, 152.89
Resistance: 158.35, 159.03, 160.39
What it said to watch
A daily close below the 156.08 oct low breaks rising support and the 50% sept rally fib, exposing the 152.89 sept low
A daily close above the 158.35 lower high reopens the 159.03 range top, with the 160.39 sept high beyond it
A sustained hold under the ema50 near 157.40 would shift the read from range to rolling over
Ueda's Nov 6 speech and Labor Cash Earnings (Nov 5) on December hike timing could materially shift this read
ISM Manufacturing (Mon) and US midterms (Tue) are two-way risks via the US yields channel
21:03 UTC
Range after sharp September swing, EMA(50) flat · RSI 42 · price 157.533
Six-week range 156.08–158.95 with highs edging lower.
The early-September slide from the 160.39 cycle high to the 152.89 Sep low was mostly recovered by Sep 24 (159.03). Since then USDJPY has spent six weeks inside a 156.08–158.95 range. The Oct 22–23 dip to the 156.08 swing low recovered quickly, but the Oct 28 lower high at 158.35 sits under the range high, and price is now pinned at the 61.8% retracement (~157.52) with EMA(50) flat. This week the BoJ's hawkish hold capped the pair while Fed-hike pricing limited the downside, which fits the wider 155–160 band.
Support: 156.08, 155.30, 152.89
Resistance: 158.35, 158.95, 160.39
What it said to watch
A daily close below the 156.08 swing low breaks the range floor and exposes the 155.30 prior low
Weekly closes above the 158.35 lower high and the 158.95 range high would invalidate the lower-highs read and put the 160.39 cycle high back in view
Ueda's Nov 6 speech and wage data on Nov 5 could shift December hike pricing enough to test the range edges
US ISM, ADP and payrolls this week drive yields, the main cap on downside below the swing low