USD/JPY peaked at 162.70 mid-week before a sharp Friday leg lower to 161.28 as JPY firmed on Katayama's pension-repatriation comments. Price carved a double bottom around 161.28/161.32 and has recovered through EMA(20) into Monday's thin open, back to 162.04 and testing EMA(50). RSI(14) has lifted from oversold toward the mid-50s on the bounce.
Support: 161.75, 161.28
Resistance: 162.50, 162.70
What it said to watch
A push back above 162.50 re-enters the intervention line the MOF has watched
Loss of 161.75 puts the 161.28 week low back in focus
US CPI Tue 12:30 UTC can materially shift the US-Japan rate read and this range
USDJPY faded from the 162.70 week high through Friday's NY session after FinMin Katayama's pension-repatriation talk revived the yen, dragging spot from ~162.40 toward the 161.28 week low. Price has since stabilised, reclaiming EMA(20) around 161.87 into the weekly open, but the 162.05 weekly open and stacked lower highs still cap the tape, with RSI(14) mid-range near 49. The 162.50 intervention line remains the multi-decade cap above.
Support: 161.50, 161.28
Resistance: 162.05, 162.50
What it said to watch
H1 close above 162.05 weekly open needed to challenge the 162.50 interv line
Failure to hold 161.50 swing low reopens the 161.28 week low
US CPI Tue 12:30 UTC could materially shift this read via the rate differential
Double bottom base near 161.28 after week-high fade.
USDJPY topped at 162.70 mid-week then rolled over, with the sharpest leg down on Friday as FinMin Katayama's pension-repatriation remarks dragged the pair from ~162.40 toward the 161.28 low. Two matched lows near 161.28 have since carved a double bottom and price has recovered above EMA(20) to 161.87, though it holds well below EMA(50) and the week open. RSI(14) has cycled back to the mid-50s off oversold as the bounce develops.
Support: 161.28
Resistance: 162.50, 162.70
What it said to watch
US CPI Tue 12:30 UTC could materially shift this read
H1 close back above 162.50 re-enters the intervention zone
Loss of 161.28 negates the double bottom and reopens the lows
USDJPY rolled over from the 162.70 area into a sharp NY-session slide Friday after FinMin Katayama's pension-repatriation comments, dragging price to 161.28. Two probes of 161.28/161.35 held, printing a rough double bottom and a bounce to 161.73, but price is capped by the 161.75 flip level, which turned from support to resistance. RSI(14) has lifted off oversold as the sellers pause, though price remains below EMA20 and EMA50.
Support: 161.28
Resistance: 161.75, 162.50
What it said to watch
H1 close above 161.75 flip level would ease the downside pressure
Loss of 161.28 week low confirms a fresh lower-low
162.50 remains the multi-decade high / intervention line to monitor above
US CPI Tue 12:30 UTC could materially shift this read via the rate gap
21:02 UTC
Downtrend, bounce off lows · RSI 44 · price 161.729
Lower highs since week high, double bottom at 161.28.
USD/JPY topped near 162.70 midweek and reversed hard Friday, when FinMin Katayama's pension-repatriation talk dragged the pair from 162.40 to the 161.28 week low. Two touches at 161.28 have held, forming a double bottom, and price has since crept back to reclaim EMA(20) around 161.70. The 161.75 shelf, prior support now capping, is the first hurdle; RSI(14) is recovering from oversold near 44 but momentum stays below the mid-week highs.
Support: 161.28
Resistance: 161.75, 162.50
What it said to watch
Hourly close above 161.75 negates the flipped resistance and the lower-high sequence
Sustained break below 161.28 confirms a lower low out of the double bottom
US CPI Tue 12:30 UTC could materially shift this read; 162.50 remains the intervention line to monitor