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 162.191
Higher highs / higher lows since April crash low.
USDJPY has been in a steady uptrend since the early-April crash low near 155.00, grinding higher above a rising EMA(50) and printing a chain of higher highs. Two weekly attempts at the 162.70–163.00 zone have stalled, with price now consolidating in the low-162s. Soft June US CPI/PPI has pressured the dollar, but the wide US-Japan rate gap and oil-driven flows keep the yen pinned near 40-year lows and cap any USD/JPY downside.
Support: 161.00, 160.60, 155.03
Resistance: 163.00
What it said to watch
- Daily close above 163.00 extends the uptrend toward fresh cycle highs
- Loss of the 161.00 pivot opens the 160.60 range low
- MoF/BoJ intervention near 40-year lows could force a sharp JPY squeeze
- US Retail Sales Thu 16 Jul could shift the near-term USD read
21:02 UTC
Uptrend, momentum flattening · RSI 61 · price 162.191
Higher highs into range top, grinding.
Multi-month uptrend intact, USD/JPY grinding to multi-decade highs near the 162.84 prior high with price holding above EMA(50) since the late-April rebound from the 155.49 swing low. A wide rate gap and firm oil keep JPY soft, but momentum is flattening as the pair stalls under the 163.00 range top. Broad USD softening after this week's cool CPI/PPI has not translated into JPY strength, leaving a two-way grind between 160.60 and 163.00.
Support: 161.00, 160.60, 155.49
Resistance: 162.84, 163.00
What it said to watch
- D1 close above 163.00 range top opens continuation higher
- Failure to hold the 161.00 ema pivot signals a deeper pullback toward the 160.60 range floor
- MoF/BoJ intervention or repatriation headlines near 40-yr lows could sharply shift this read