USD/JPY AI Live Scan, daily chart, Thursday, 4 June 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
Uptrend, grinding into 160 · RSI 64 · price 159.971
Higher highs/lows, pressing prior highs.
Uptrend off the early-Feb 154.50 low, price holding well above a rising EMch(50) and reclaiming the 160 handle after the late-April flush that dumped 400 pips in a single session. The last two weeks have been a slow grind higher into the 160.00 psych level, with BoJ hike pricing and intervention risk capping the structurally pressured yen near the sensitive zone. New local highs at 160.08 sit just below the April 160.47/160.72 swing pivots.
Support: 159.00
Resistance: 160.00, 160.47, 160.72
What it said to watch
Daily close above 160.47 opens the path to the 160.72 april high
Failure to hold 159.00 signals a lower low and breaks the grind
US NFP Friday (~15h) is a key external driver for this read
Intervention risk elevated near 160 psych
21:03 UTC
Uptrend, momentum cooling near range highs · RSI 60 · price 160.035
Four-month uptrend from the 152.20 February base, with price holding above a rising EMA(50) since mid-March. A sharp rejection from 160.72 in late April carved out the prior high, and the last eight sessions have ground back to retest that zone with RSI around 60 — momentum present but not extended. Price is now pressing 160.45 again after defending 158.60 as a swing pivot.
Support: 158.60, 156.40
Resistance: 160.45, 160.72
What it said to watch
D1 close above 160.72 extends the trend toward fresh cycle highs
Loss of 158.60 swing pivot opens 156.40 Apr flush low
Repeated rejection at 160.45 prior high would shape a double-top read
Four-month uptrend off the late-January 152.70 base, with price holding above a rising EMA(50) since mid-February. Two prior probes of 160.40 (mid-March and the early-April spike to 160.72) were rejected, and the pair is grinding back into that zone with RSI near 60 — capped but not broken. BoJ June hike chatter is keeping a lid on momentum just below the psychological 160 handle.
Support: 158.60, 152.70
Resistance: 160.40, 160.72
What it said to watch
Daily close above 160.40 opens path toward the april spike high at 160.72
Loss of 158.60 swing low would break the recent higher-low sequence
MoF intervention risk elevated at the 160 level per Scotiabank commentary
BoJ June meeting and US payrolls could materially shift this read