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, extended to multi-decade highs · RSI 68 · price 163.172
Chain of higher highs and higher lows since April low.
USDJPY remains in a steady multi-month uptrend, holding above a rising EMA(50) since the early-April rebound off 155.03. Price has ground higher in weekly steps and this week closed above the 162 congestion to print fresh multi-decade highs at 163.24, with the wide US-Japan rate gap and safe-haven USD flows behind the move. RSI near 68 shows momentum intact but approaching stretched territory as price probes the 1986-era highs.
Support: 162.20
Resistance: 163.24
What it said to watch
- Fri Japan National CPI (23:30 UTC) — a beat feeds the BoJ-hike narrative and could pull price back toward 162.20
- Sustained trade above 163 raises MoF/BoJ intervention-headline risk, which has previously forced sharp pullbacks
- A daily close back below 162.20 would break the recent higher-low structure
21:02 UTC
Uptrend, grinding to multi-decade highs · RSI 66 · price 163.172
Higher highs and higher lows since April low.
USDJPY is in a persistent multi-month uptrend, printing fresh 40-year highs above 163 with price holding above a rising EMR(50) since the April rebound off 155.03. The advance has been a slow weekly grind — the pair has added roughly a big-figure a month while yen shorts crowd at multi-decade lows into Friday's Japan CPI. Price now sits right under the 163.24 recent high, in the upper half of the channel that has framed the move.
Support: 162.20
Resistance: 163.24, 164.00, 164.40
What it said to watch
- Daily close above 163.24 opens the path toward 164.00/164.40
- Failure to hold 162.20 support would mark the first lower low of the run
- Fri 23:30 UTC Japan CPI could materially shift this read
- Above 163, MoF intervention headlines risk a sharp yen squeeze