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.
21:02 UTC
Uptrend, momentum slowing near highs · RSI 59 · price 160.196
Higher lows since April base, consolidating below cycle high.
Uptrend that resumed after the early-April washout — the single-session plunge to 155 carved a double bottom near 155, and price has ground back to retest the cycle high at 160.69. The pair is consolidating between 159.40 and 160.70 over recent weeks, holding above a rising EMA(50), with the 160.00 line repeatedly defended. Yen weakness has stalled at authorities' tolerance zone into Tuesday's BoJ decision.
Support: 160.00, 159.40
Resistance: 160.59, 160.69
What it said to watch
- BoJ rate decision Jun 16 03:00 UTC is the pivotal catalyst for this read
- Sustained D1 close above 160.69 signals a range break and fresh JPY downside
- Failure to hold 159.40 breaks the consolidation lower
21:02 UTC
Uptrend, momentum slowing · RSI 61 · price 160.196
Rising channel pressing range top.
USDJPY has ground higher since the February 152.27 low, holding above a rising EMU(50) through the spring. The last several weeks have coiled in a tight 159.40-160.70 band as the pair repeatedly tests the 160.69 cycle high; the move has stalled into a fully-priced BoJ hike to 1% and live MoF intervention risk around the 160.00 line.
Support: 160.00, 159.40
Resistance: 160.69
What it said to watch
- BoJ decision Jun 16 03:00 UTC plus presser — the pivotal catalyst for this read
- Daily close above 160.69 opens fresh upside beyond the range
- Failure to hold 159.40 breaks the multi-week range floor
- Sustained trade above 160.00 keeps intervention threat live