USDJPY built toward a double top near 158.55 through midweek before Friday's shock -23K US NFP print collapsed it in one bar to 156.67, sweeping the lows before buyers reclaimed 157.90. Price has since recovered back above EMA(20) but stalls under the 200-dma at 158.06, with RSI(14) hovering near 49. The week's dominant move is the NFP-driven drop; the thin weekend bars are noise ahead of fresh flow.
Support: 157.40, 156.67
Resistance: 158.06, 158.57
What it said to watch
US CPI Wed 12:30 GMT is the next catalyst and could materially reshape this read
H1 close above 158.06 puts the 158.57 week high back in play
Reversal off week high, holding above Friday's low.
USDJPY rallied through midweek to a 158.55 high before Friday's shock -23K NFP print gutted Fed hike bets and drove a one-bar collapse to 156.67, which was sharply rejected back toward 157.40. Price has since clawed back above EMA(20) to 157.93 on thin weekend flow, leaving the pair mid-range between the 156.67 NFP low and the 158.06 200-day SMA. RSI(14) has reset back to neutral near 51 after the washout.
Support: 157.30, 156.67
Resistance: 158.06, 158.55
What it said to watch
US CPI Wed 12:30 GMT is the next catalyst and could materially shift this read
Close above 158.06 200-day SMA reopens the 158.55 week high
Failure to hold 157.30 session low re-exposes the 156.67 NFP low
22:02 UTC
Pullback lower, consolidating after NFP drop · RSI 47 · price 157.711
Range after Friday spike low, recovery stalling below 157.95.
Friday's shock -23K NFP triggered a sharp USD/JPY flush from the 158.55 week high into a 156.67 spike low before an immediate recovery back toward 157.9 — the wick swept the low and was rejected. Price has since consolidated in a 157.30–157.95 band and sits below both EMA(20) and EMA(50), with RSI(14) hovering near the midline. The 157.95 recovery high caps the bounce; 157.30 marks the intraday floor above the spike low.
Support: 157.30, 156.673
Resistance: 157.95, 158.28, 158.55
What it said to watch
H1 close above 157.95 opens the path back toward 158.28
Failure to hold 157.30 re-exposes the 156.67 spike low
US CPI Wed Aug 12 12:30 GMT could materially shift this read
Friday's shock -23K NFP print triggered a sharp sweep from the 158.55 week high down to 156.67 before an immediate recovery to the 157.7 area. Price is now consolidating in the weekend lull, holding below EMA20 and EMA50 with RSI back near neutral. The 157.95 bounce high has capped the recovery, while 157.24 marks the post-shock demand shelf.
Support: 157.24, 156.67
Resistance: 157.95, 158.06, 158.55
What it said to watch
Hourly close above 158.06 would reclaim the pre-NFP consolidation shelf
Failure to hold 157.24 reopens the 156.67 spike low
US CPI Wed 12:30 GMT is the next major driver and could reset this range
21:02 UTC
Pullback from highs, consolidating · RSI 46 · price 157.791
Broke below week's base, ranging above 157.40.
USD/JPY snapped down Friday on the shock -23K NFP, the crash bar sweeping to the 156.673 nfp low before closing well off the low. Price has since clawed back above 157.75 but sits below EMA20 after breaking the pre-NFP 158.28-158.55 base. RSI(14) has recovered off oversold into the mid-40s as the pair consolidates the drop.
Support: 157.40, 156.673
Resistance: 158.28, 158.55
What it said to watch
H1 close back above 158.28 pre-nfp base would repair the breakdown
Failure to hold 157.40 pivot reopens the 156.673 nfp low