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.
21:03 UTC
Uptrend, momentum slowing · RSI 56 · price 161.47
Higher highs into 162.84, pullback.
Multi-week uptrend intact, price holding well above a rising EMD(50) since the April rebound off 155.49. Last week's push to 162.84 — the cited 40-year high — was rejected, and price is now consolidating near 161.50 as carry and broad USD strength keep the yen pinned. The single sharp down day into 161.11 signals momentum cooling short of the multi-decade peak.
Support: 160.49, 155.49
Resistance: 162.84
What it said to watch
- Daily close above 162.84 opens the path toward the 165 line in sand
- Failure to hold 160.49 would confirm a lower-low and threaten the trend
- Intervention risk near 162.84 highs could trigger a fast squeeze toward 160.50
- FOMC minutes Wed 18:00 UTC could materially shift this read
21:03 UTC
Uptrend, momentum stalling near highs · RSI 58 · price 161.47
Higher highs/higher lows since April low, capped at 40yr high.
Multi-month uptrend intact: USDJPY has printed a steady chain of higher lows since the early-April washout to 155.03, holding well above a rising EMA(50) and grinding to a fresh 40-year high at 162.84 this week on the wide US-Japan rate gap and carry demand. Two sessions ago price rejected 162.84 and slid back near 160.50 before recovering toward 161.47, so the immediate topside is being contested. The dominant driver remains JPY weakness against a firm dollar, with intervention chatter the only counterweight near multi-decade highs.
Support: 160.50
Resistance: 162.84, 165.00
What it said to watch
- Daily close above 162.84 opens the path toward the 165.00 psych line
- Failure to hold 160.50 breaks the ascending support and confirms a lower low
- FOMC minutes Wed 18:00 UTC and MoF/BoJ intervention risk could materially shift this read