Every read JAFX AI made on the USD/JPY weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:02 UTC
Uptrend, momentum slowing · RSI 66 · price 161.472
Higher highs, pressing multi-decade high zone.
Multi-quarter uptrend intact: price has climbed from the April 2025 low near 140 to press the 162.50 multi-decade high zone, with EMA(50) rising well below spot. Weekly gains have narrowed near the highs — the last several closes cluster around 161.5 after the 162.84 recent high, showing momentum flattening at the top of the range. The structural JPY-negative regime (dovish BoJ, wide rate gap) underpins the trend, but the 160.00 round number and prior 156.00 range mark the deeper base if a pullback develops.
Support: 160.00, 156.00
Resistance: 162.50, 162.84
What it said to watch
- Weekly close above 162.50 opens continuation of the multi-decade high extension
- Failure to hold 160.00 round number opens the 156.00 prior range
- MoF intervention risk elevated near multi-decade highs
- US CPI Jul 14 and BoJ Jul 31 could materially shift this read
19:02 UTC
Uptrend, extended · RSI 69 · price 161.472
Higher highs since Q2 2025, testing multi-decade high zone.
Structural uptrend since the April 2025 low near 139.89, with price grinding into the 162.50 multi-decade high zone and holding well above a rising W1 EMc(50) — macro trend firmly intact. The structural JPY-negative regime (dovish BoJ, wide rate gap fuelling carry) underpins the advance, though price is now pressing against the same high zone that has drawn intervention rhetoric. RSI is elevated but short of the >70 extreme, reflecting a mature but not exhausted move.
Support: 160.00, 157.94
Resistance: 162.50
What it said to watch
- Weekly close above 162.50 extends the uptrend into fresh multi-decade highs
- Loss of 160.00 round number opens a retreat toward the 157.94 prior high
- MoF intervention near the decade high could sharply cap the advance
- US CPI Jul 14 — a soft core print narrows the rate gap driving this trend