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, near 40-yr highs · RSI 61 · price 162.432
Higher highs, consolidating at ceiling.
USDJPY has ground higher since the early-April washout to 155.50, printing a steady chain of higher highs and holding well above a rising EMD(50) on D1. The last two weeks have stalled into a tight consolidation between roughly 161.00 and the 162.84 four-decade high, with the soft US June CPI failing to force a clean break lower. Price is pinned against the 162.70 supply band as intervention risk near 163.00 caps the topside.
Support: 161.00, 160.60
Resistance: 162.70, 162.84, 163.00
What it said to watch
- Daily close above 162.84 opens the path toward 163.70, but sits in the Tokyo intervention zone
- Loss of 161.00 would break the two-week consolidation and expose the 160.60 range floor
- Fed's Warsh testimony and core PPI (Wed) could materially shift the USD leg of this read
21:03 UTC
Uptrend, momentum flattening near highs · RSI 61 · price 162.432
Higher highs/lows, stalling below 40yr high.
USDJPY has trended higher since the April low near 155.0, holding above a rising EMA(50) and printing a chain of higher lows into 40-year-high territory. The last two weeks have consolidated in a tight 160.60–162.84 band as the pair repeatedly stalls into the 162.80/162.84 ceiling, with the weak-JPY rate-gap backdrop pressing up against verbal intervention risk from Tokyo. The soft US June CPI has capped fresh upside momentum, leaving price grinding just below resistance.
Support: 162.00, 161.28, 160.60
Resistance: 162.80, 162.84
What it said to watch
- Daily close above 162.84 opens the path toward 163.70, but sits in the intervention zone
- Loss of 162.00 psych then 161.28 swing low would break the recent higher-low sequence
- Fed Warsh testimony and Wed US PPI could materially shift this read
- GPIF/Tokyo intervention headlines are a two-way volatility risk near the 40yr high