Higher lows since Monday's open, capped under the week high.
Since Monday's open near 156.81 USDJPY has ground out a sequence of higher lows, tagging the week high at 157.774 in London hours Tuesday before a fast flush to the 156.85 spike low that was reclaimed within four bars. Price now sits marginally above EMA20 around 157.38 with RSI(14) back at 53, consolidating in the upper half of the week's 156.58–157.77 range in thin Silver Week conditions. The backdrop is the dovish-read BoJ hike against a dollar holding two-month highs.
Support: 157.38, 156.85, 156.58
Resistance: 157.774, 158.05
What it said to watch
H1 close above the 157.774 week high opens the path to the 158.05 prior high
Loss of the 156.85 spike low confirms a lower low and brings the 156.58 week low back into range
Sustained trade back under EMA20 would break the higher-lows sequence off Monday's open
US flash PMIs Wed 13:45 UTC and MoF intervention headline risk near 158.00 could materially shift this read
Price has ground higher from Monday's weekly open near 156.79 and the 156.58 week low, but Tuesday's London push to the 157.77 week high was rejected sharply, a ~90-pip flush into the 156.85 tue low that NY hours then bought back. USDJPY now sits on a flattening EMA20 at 157.36 with RSI(14) around 53, the dovish BoJ hike and hawkish Fed repricing keeping it pinned in the mid-157s. The higher lows sequence off Monday is intact, while lower highs from the 158.05 fri high still cap the week.
Support: 157.16, 156.85, 156.58
Resistance: 157.77, 158.05
What it said to watch
H1 close above the 157.77 week high re-opens the 158.05 fri high and the 158.00 shelf
Loss of the 157.16 day low, then the 156.85 tue low, breaks the higher lows sequence
US flash PMIs Wed 13:45 UTC are the week's only high-impact print and can reset this range read
MoF/BoJ intervention headlines near 158.00 remain an unscheduled two-way risk
21:04 UTC
Grinding higher this week, momentum stalled after the 157.77 rejection · RSI 49 · price 157.385
Range 156.85-157.77; the week's higher-low line has been broken.
Friday's dovish BoJ hike spiked price to the 158.05 prior wk high before it was knocked back under 157.00, and since Monday's thin Silver Week open near 156.58 the week low, USDJPY rebuilt a sequence of higher lows up to the 157.77 week high. That advance was unwound in a single 90-pip London-hours slide today as the oil correction on Hormuz de-escalation headlines lifted the yen, breaking the higher-low line and leaving a 156.85 session low; NY hours have recovered only as far as the 157.60 session high. Price now sits exactly on the H1 ema20 with RSI(14) back at 49, mid-range.
Support: 156.85, 156.58
Resistance: 157.60, 157.77, 158.05
What it said to watch
An H1 close above 157.77 would restore the week's higher-high sequence and re-expose 158.05
Loss of the 156.85 session low would put the 156.58 week low back in play
Sustained trade below the ema20 keeps the read range-bound rather than trending
US flash S&P Global PMIs Wed 13:45 GMT, plus Tokyo's reopen and MoF/BoJ intervention headlines near 158.00, could materially reset this structure
20:02 UTC
Uptrend, momentum stalling under the week high · RSI 52 · price 157.386
Higher lows since Monday, capped by 157.77; price back on EMA20 after a failed push.
The week opened near 156.80 and Monday's Asian session low at 156.58 has not been retested, with the grind higher through Monday's NY hours extending to a week high of 157.77 in Tuesday's London morning. That push was rejected immediately, a 95-pip flush to 156.82 as the crude correction on Hormuz de-escalation headlines briefly lifted the yen, before NY hours recovered most of the move — price now sits on EMA20 around 157.37 with RSI(14) back at the mid-50s. The broader driver remains the hawkish-Fed dollar at two-month highs against a BoJ whose 1.25% hike was read dovishly, leaving the 158.00 psych shelf as the ceiling that has contained every attempt.
Support: 157.23, 156.82, 156.58
Resistance: 157.77, 158.00
What it said to watch
Hourly close above the 157.77 week high would reopen the 158.00 psych area
Loss of the 157.23 swing low would put the 156.82 spike low back in play and break the week's higher-low sequence
US flash PMIs Wed 13:45 GMT plus Fed's Barr are the next scheduled catalysts and could reset this range read
Intervention-related headlines near 158.00 remain an unscheduled source of gap risk
19:01 UTC
Uptrend, momentum stalling under week high · RSI 46 · price 157.407
Higher lows since Monday, capped 157.60/157.77.
Price has ground up from Monday's low at 156.575 through two NY sessions, but the week high at 157.774 drew an immediate rejection and a fast 90-pip flush to 156.85 during this morning's London hours as Iran/Hormuz de-escalation headlines knocked oil and gave the yen a brief bid. That dip has since been fully retraced into the 157.40s, leaving price pinned just above EMA(20) with RSI(14) back near 46 after the sell-off — momentum has flattened rather than turned. The dovish-read BoJ hike remains the background driver of yen underperformance, with the 158.00/158.40 area repeatedly cited as the cap.
Support: 157.38, 156.85, 156.575
Resistance: 157.774, 158.053
What it said to watch
Hourly close above 157.774 (week high) opens the path toward the 158.05 prior high, where official/intervention headline risk is flagged
Failure to hold 156.85 (london low) breaks the sequence of higher lows off the monday low and shifts the read to range
Loss of EMA20 near 157.38 on consecutive closes would remove the support pullbacks have been finding since Monday
US flash PMIs Wed 13:45 UTC are the main scheduled risk to this structure; Japan's calendar is empty until Tokyo returns Thursday
USDJPY has ground higher since Monday's open near 156.81, holding above the H1 EMA(20) at 157.35 with the EMA(50) at 157.18 absorbing the deeper dips — JPY stayed the weakest major after Friday's BoJ hike was read dovishly on the 7-2 split. The push into the week high at 157.77 during the Tuesday NY session was rejected instantly, triggering a ~90 pip flush to the Tues low at 156.82 as Iran/Hormuz de-escalation headlines knocked oil and gave the yen a brief bid, before price rebuilt to 157.41. RSI(14) at 53 is mid-range and Friday's high at 158.05 continues to cap the advance.
Support: 157.35, 157.18, 156.82
Resistance: 157.60, 157.77, 158.05
What it said to watch
An hourly close above the session high at 157.60, then 157.77, would put the friday high at 158.05 back in play
Loss of the EMA(20)/EMA(50) band at 157.35–157.18 would leave the Tues low at 156.82 exposed and break the week's higher-low sequence
US flash PMIs Wed 13:45 UTC plus Fed's Barr are the next scheduled catalysts; MoF/BoJ intervention headlines remain the main unscheduled risk to this read
Higher lows since Monday, capped under the week high.
Price has ground up from Monday's 156.58 weekly low in a series of higher lows, with the post-BoJ carry bid and a firm dollar keeping USDJPY pinned in the upper 157s through thin Silver Week liquidity. The week high at 157.77 was rejected in yesterday's NY session, an 90-pip flush to the 156.86 swing low, and the recovery since has stalled just above the H1 EMA(20) at 157.37 with RSI(14) back to neutral near 51.
Support: 157.37, 156.86, 156.58
Resistance: 157.77, 158.05
What it said to watch
Hourly close above 157.77 week high puts the 158.05 prior high back in play
Loss of the 157.37 ema20 and a close under the 156.86 swing low would break the run of higher lows
Wed 13:45 UTC US flash PMIs are the next scheduled catalyst and can reset this range
Official JPY intervention headlines remain the gap risk into the 158s
Higher lows since Monday's open, capped under the week high.
Price has ground up from the 156.58 weekly low since Monday's open, with the weekly open near 156.80 holding and each pullback so far finding the EMA(20). Yesterday's London-NY window produced the dominant move: a rejection at the 157.77 week high and a fast ~95-pip flush to the 156.85 day low as oil corrected on the Hormuz reopening reports and intervention chatter kept the pair pinned below 158.00. NY hours have since retraced most of that drop, closing at 157.55 with RSI(14) back to the mid-50s.
Support: 157.36, 156.85, 156.58
Resistance: 157.77, 158.05
What it said to watch
Acceptance above the 157.77 week high re-opens the 158.05 prior high, the level where intervention chatter has repeatedly capped price
Loss of the 156.85 day low would break the week's higher-low sequence and put the 156.58 weekly low back in play
Fed's Barkin within the hour, then US flash PMIs Wed 13:45 UTC — either can materially shift this read
Failure to hold the EMA(20) near 157.36 on a close would weaken the grind-higher structure
Higher lows since Monday, capped below 157.77 after sharp rejection.
From Monday's 156.79 open the pair ground higher along EMA(20), posting a week low of 156.58 before extending to a 157.77 day high early in the London morning; that push was rejected in a single bar worth roughly 90 pips as oil unwound on Hormuz de-escalation headlines and Tuesday's soft US second-tier data capped the post-FOMC USD bid. Price has since retraced back into the 38.2% level of the Monday-to-Tuesday impulse and is now oscillating either side of EMA(20) at 157.30, with RSI(14) back at 51 from the low-40s. The 156.85 day low held on the first test, keeping this week's sequence of higher lows intact while 158.05 prior wk high still caps the range above.
Support: 156.85, 156.58
Resistance: 157.30, 157.77, 158.05
What it said to watch
An H1 close back above the 157.77 day high would re-open the path to the 158.05 prior wk high
Failure to hold the 156.85 day low confirms a lower-low and exposes the 156.58 week low
Sustained acceptance below EMA20 at 157.30 flips it from pivot to resistance
US flash PMIs Wed 13:45 UTC are the week's main event risk to this range read
This week's higher-low sequence broken by today's reversal; consolidating just under EMA20.
Price has ground higher in near-straight-line fashion since Monday's session open at 156.79, holding a chain of higher lows off the 156.58 weekly low with EMA20 acting as the pullback shelf through the London-NY transition on Monday and Tuesday. That sequence snapped in today's session: a push to the 157.77 week high was rejected inside one hour and the pair dumped to 156.85 as crude slid on the Iran/Hormuz reopening headlines and BoJ rate-check caution kept participants wary in thin Tokyo-holiday liquidity. The recovery has stalled at 157.27, right under EMA20, with RSI(14) back to the high-40s after cycling above 60 earlier in the week.
Support: 156.85, 156.58
Resistance: 157.31, 157.77, 158.00
What it said to watch
Reclaiming EMA20 near 157.31 on a close would restore the higher-low structure; failure there keeps the day capped
An H1 close above the 157.77 week high puts the 158.00 psych level back in scope
Loss of the 156.85 session low confirms a lower low and shifts the week's read toward the 156.58 weekly low
Fed speakers today (Williams 14:05, Jefferson 14:20, Barkin 17:00 UTC) and unscheduled MoF/BoJ intervention headlines can reprice this range within a bar
Higher lows since Monday, rebound capped under 157.77.
USDJPY has ground out higher lows since Monday's 156.58 week low, but the London-morning push to the 157.77 day high was rejected hard — an ~90-pip hourly reversal as the oil correction on Hormuz reopening headlines lent the yen support alongside post-BoJ intervention chatter. The recovery into the early NY session has stalled with price pinned to EMA(20) near 157.30, holding above the 157.12 ema50 and today's 156.82 day low. RSI(14) at 51.6 is mid-range, and lower highs from last week's 158.05 prior high, plus Monday's 157.53 high, still cap the rebound.
Support: 157.12, 156.82, 156.58
Resistance: 157.53, 157.77, 158.05
What it said to watch
Failure to hold the 156.82 day low breaks the higher-low sequence off the 156.58 week low
Hourly close back above the 157.53 monday high reopens the 157.77 day high and the 158.05 prior high
Fed speakers today (Williams, Jefferson, Barkin) and US flash PMIs Wed 13:45 UTC could reset this read
Loss of the 157.12 ema50 on a closing basis would flip the pullback structure
Monday's rising channel broken; price back inside last week's 156.60-157.80 band.
Price ground higher in a tight channel from Monday's 156.81 open through the Asia and London sessions, tagged the week high at 157.77 early in today's London hours, then lost roughly 90 pips in a single bar as the oil slide on Hormuz reopening headlines let the yen claw back ground — a false break above Monday's 157.57-157.69 shelf and a clear rejection. The bounce off 156.82 has stalled at the 50% retracement of the weekly range (157.18) with the EMA20 now overhead at 157.33, and RSI(14) has cycled back to the mid-40s after five sessions above 50. Structure is still contained by last week's post-BoJ range; 158.05 remains the untested prior high.
Support: 157.03, 156.82, 156.58
Resistance: 157.33, 157.77, 158.05
What it said to watch
Hourly close back above the 157.33 ema20 and then 157.77 week high would restore the higher-high sequence
Failure to hold 156.82 session low confirms a lower low and exposes 156.58 weekly low
Loss of the 157.03 fib 61.8 level would negate the recovery off today's low
Fed speakers Williams 14:05 and Jefferson 14:20 UTC, then Wednesday's 13:45 UTC flash PMIs, can materially shift this read
Intervention/rate-check headlines remain a spike risk on any approach to the 158.05 prior high area
Higher lows since Monday's open, price back below EMA20 after a one-hour 92-pip reversal.
USDJPY held a higher-low sequence from Monday's weekly open at 156.82, cleared the 157.52 NY-session high late Monday and extended to a week high of 157.77 in this morning's London session. That extension was rejected immediately — one hour erased 92 pips back to 156.85 — leaving price under the EMA20 at 157.29 with RSI(14) down to 43; the dovish BoJ hike versus a hawkish Fed remains the backdrop, but Friday's prior high at 158.05 still caps the move. The week low at 156.58 marks the base of the week's range.
Support: 156.82, 156.58
Resistance: 157.29, 157.77, 158.05
What it said to watch
Hourly close back above the 157.29 ema20 would restore the week's higher-low sequence; repeated closes below it confirm the rejection
Failure to hold 156.82 (weekly open) exposes the 156.58 week low
Fed speakers Williams 14:05, Jefferson 14:20 and Barkin 17:00 UTC, plus unscheduled MoF/BoJ intervention risk, can materially shift this read within the next few bars
A reclaim of 157.77 puts the 158.05 prior high back in play
Higher-low sequence since Monday broken, price back below EMA20.
From Monday's 156.58 week low the pair climbed in a shallow channel of higher lows through the Asia and London sessions, tagging a 157.77 week high early in today's London hours — the dovish BoJ hike against a hawkish Fed was the driver. That high was rejected immediately: one bar erased ~90 pips back to 156.85, taking price through the channel and below both EMA20 at 157.31 and EMA50, with RSI(14) down to 36 from 73 at the high. The 158.05 prior wk high was never tested and price now sits back at the 156.79 weekly open area.
Support: 156.85, 156.79, 156.58
Resistance: 157.31, 157.77, 158.05
What it said to watch
An hourly close back above the 157.31 ema20 would negate today's rejection and put the 157.77 week high back in play
Failure to hold the 156.85 day low exposes the 156.79 weekly open and then the 156.58 week low
Fed speakers from 14:05 UTC and Wednesday's US flash PMIs could materially reset this read
Further MoF/BoJ rate-check or 'excessive move' headlines would keep hourly ranges wide versus the 21-pip ATR
Higher-lows since Monday's Asia low, capped by a sharp rejection off a new week high.
The week opened at 156.81 and price ground steadily higher from the 156.58 Monday Asia low through the London and NY sessions, holding the ema20 on every pullback, with the post-BoJ dovish-hike yen weakness the dominant theme. That structure broke in the first hours of Tuesday's Asia session: after printing a new week high at 157.77, a single hour dumped 92 pips to 156.85 before closing at 157.17 — a rejection consistent with the thin Tokyo-holiday liquidity and official intervention-headline risk. Price now sits between the ema20 at 157.38 and the ema50 at 157.12, with RSI(14) back to 43 from near 70.
Support: 157.12, 156.85, 156.58
Resistance: 157.38, 157.53, 157.77
What it said to watch
Reclaiming the ema20 at 157.38 and then the Monday high at 157.53 would restore the higher-low sequence
Failure to hold the ema50 at 157.12 puts the 156.85 spike low and the 156.58 week low back in play
Fed speakers later today and Wednesday's US flash PMIs (13:45 UTC) are the scheduled catalysts; further rate-check or intervention headlines remain an unscheduled risk to this read
08:01 UTC
Uptrend, grinding · RSI 64 · price 157.673
Higher lows since Monday's low, fresh week high on the last bar.
Price has ground higher in a shallow channel since Monday's 156.58 weekly low, posting successive higher lows and clearing the week high at 157.69 on the latest bar. Pullbacks have been shallow and repeatedly absorbed at the EMA(20) near 157.45, with the Asia low at 157.22 marking the base of the current leg in thin Silver Week liquidity with Tokyo shut. The backdrop remains the dovish BoJ hike versus a hawkish Fed, while last Friday's reported BoJ rate check is what has so far capped extension toward the prior week high at 158.05.
Support: 157.45, 157.22, 156.58
Resistance: 157.69, 158.05
What it said to watch
Sustained trade above the week high at 157.69 would open the path to the 158.05 prior wk hi area
An hourly close back below the EMA(20) at 157.45 and then the asia low at 157.22 would break the higher-low sequence
Intervention headlines from MoF/BoJ remain an unscheduled risk that could rapidly invalidate the channel read
US ADP 4-week average at 12:15 GMT and Fed's Williams/Jefferson this afternoon could shift the read within the next few bars
Rising sequence off Monday's low, week high at the top of the range.
Price has climbed in a shallow channel since the weekly open at 156.79, with Monday's early dip to 156.58 the only test below it and each pullback so far holding the EMA20 near 157.45. The advance retraces roughly three-quarters of Friday's post-BoJ drop from 158.05, with the dovish 7-2 BoJ vote and still-firm USD keeping the grind intact through Asia into early London; the last two hours have pushed a new session high at 157.69. RSI(14) sits in the low 60s — firm, not stretched, and without divergence against the fresh high.
Support: 157.45, 157.22, 156.79
Resistance: 157.69, 158.05
What it said to watch
Hourly close back under the 157.22 asia low would break the higher-low sequence that has defined this week
Clearance and hold above the 158.05 friday high extends the channel into the 158-159 band
Loss of the weekly open at 156.79 would flip the week's structure to lower highs
Unscheduled MoF/BoJ intervention or a follow-up rate check is the main headline risk after Friday's episode
US flash S&P Global PMIs Wednesday 13:45 GMT could materially shift this read
Higher lows since Monday, coiling under the week high.
Price has ground higher every session since Monday's open, lifting off the 156.58 week low to a 157.57 week high, with the yen still on the back foot after the BoJ's dovish-read 1.25% hike and Tokyo shut for Silver Week. The last twelve bars are a tight flag between 157.22 and 157.57 sitting just above EMA(20) near 157.41, and RSI(14) has flattened in the low-50s rather than pushing with price — the 155.33–158.05 impulse fib still frames the whole move. Pullbacks this week have been shallow and have held above the friday close at 156.87.
Support: 157.22, 156.87, 156.58
Resistance: 157.57, 158.05
What it said to watch
An hourly close above the 157.57 week high reopens the 158.05 prev wk high area — zone to monitor for rejection or acceptance
Loss of the 157.22 session low breaks the week's higher-low sequence and puts 156.87 back in focus
Unscheduled MoF/BoJ headlines remain the main gap risk into the 158 handle after Friday's reported rate check
US flash PMIs Wed 13:45 GMT could materially shift this read via UST yields
05:02 UTC
Uptrend, grinding rather than impulsive · RSI 54 · price 157.46
Higher highs and higher lows since Monday's low, tight rising channel.
USDJPY has climbed in a shallow channel since Monday's 156.58 week low, with every pullback so far holding the H1 EMA(20) near 157.42 and the sequence of higher lows intact through thin Silver Week hours. The BoJ's dovish 1.25% hike and hawkish Fed repricing remain the backdrop; the advance has been a grind rather than an impulse, with RSI(14) hovering in the low 50s despite the week high at 157.57 being set in the last few bars. Last Friday's reported rate check capped the prior push above 158.00, leaving that psych level as the obvious upper reference.
Support: 157.42, 157.22, 156.58
Resistance: 157.57, 158.00
What it said to watch
H1 close above the 157.57 week high opens the 158.00 psych level and the 158-159 band where intervention headlines step up
Loss of the 157.22 asian low would break the higher-low sequence built since Monday's open
A slide back through the ema20 and the 156.58 week low would invalidate the channel read
Fed speakers today and Wednesday's US PMIs (13:45 GMT) are the near-term event risk for this structure
Higher lows since Monday's reopen, capped under 157.57.
USDJPY has ground higher in a shallow series of higher lows since Monday's reopen in thin Tokyo holiday liquidity, recovering roughly 62% of Friday's 158.05–156.58 slide after the reported BoJ rate check knocked it back. Price is holding above EMA(20) near 157.40 with RSI(14) cycling in the low-50s to low-60s rather than pushing extremes, and the last eight hours have coiled in a sub-20 pip band under the 157.57 session high. The dovish BoJ hike versus hawkish Fed dots remains the backdrop behind the drift.
Support: 157.22, 157.40, 156.58
Resistance: 157.57, 157.95, 158.05
What it said to watch
Hourly close above the 157.57 session high opens the path back to the 157.95 friday high and 158.05 week high
Loss of 157.22 day low breaks the series of higher lows and puts EMA(20) support behind price
A sustained break below the 157.00 pivot would signal the post-BoJ advance is exhausting
Intervention headline risk rises into the 158 area; US flash PMIs Wednesday 13:45 GMT could materially shift this read
Higher lows since Monday's open, holding upper half of last week's range.
Price has ground higher in a series of shallow higher lows since Monday's weekly open near 156.81, with pullbacks repeatedly holding the H1 ema20 around 157.37 and the session low at 157.22 unbroken through the Asia hours. The dovish BoJ delivery on Friday and hawkish Fed pricing remain the backdrop; Friday's reported BoJ rate check is what knocked the pair back off the 158.06 post-boj high and put the 157.00 psych level back in play. RSI(14) near 60 is firm but not extended, and ATR has compressed to ~13 pips with Tokyo shut for Silver Week — the session high at 157.57 is the immediate cap.
Support: 157.37, 157.22, 157.00
Resistance: 157.57, 158.06
What it said to watch
Hourly close above the 157.57 session high reopens the 158.06 post-boj high as the next reference
Loss of the ema20 at 157.37 and then the 157.22 session low would break the week's higher-low sequence
A break back below the 157.00 psych level would invalidate the Monday-onward uptrend read
Fed speakers Williams (14:05 GMT), Jefferson and Barkin today, then Wed S&P Global PMIs, are the live catalysts for this H1 structure
Unscheduled MoF/BoJ intervention into thin holiday liquidity remains an event risk that would reset the read sharply
Higher lows since Monday's open, retracing Friday's drop.
Price has climbed in a shallow channel of higher lows since Monday's open off 156.58, recovering most of the post-BoJ slide that followed Friday's reported rate check below the 157.00 pivot. Pullbacks have been holding at or just above the ema20 near 157.40 with RSI(14) cycling in the 50–65 band, and the last NY hours pushed to a session high at 157.57. Tokyo is shut for Silver Week, so ranges are compressed (ATR ~13 pips) and the grind higher is happening on thin participation.
Support: 157.40, 157.00, 156.58
Resistance: 157.57, 158.05
What it said to watch
Acceptance above the 157.57 session high opens the path back to Friday's high at 158.05
An hourly close back under the 157.00 pivot would break the channel of higher lows and re-expose 156.58
Loss of the ema20 near 157.40 on a closing basis would be the first sign this week's sequence is stalling
Unscheduled MoF/BoJ FX intervention is the main risk to this read while Tokyo is closed
Fed speakers (Williams, Jefferson, Barkin) today and US flash PMIs tomorrow could break the compression
Higher lows since the weekly open, compressed beneath 157.52.
Price has ground higher in a tight staircase of higher lows since Monday's 156.81 weekly open, with the whole advance running in thin holiday liquidity while Tokyo has been shut. The 157.52 week high has capped three attempts across the NY session yesterday and the Asia hours since, and that cap sits almost exactly on the 61.8% retracement of Friday's 158.05-156.58 post-BoJ fade, when the reported rate check knocked the pair back under 157.00. Price is pinned on the EMA(20) around 157.35 with RSI(14) near 58 and hourly ranges compressing to roughly 13 pips.
Support: 157.22, 156.81, 156.60
Resistance: 157.52, 158.05
What it said to watch
An hourly close above 157.52 week high re-opens the 158.05 spike high and the 158-159 band where intervention chatter has been live
Loss of the 157.22 range floor breaks the week's higher-low sequence; 156.81 weekly open and the 156.60 friday low are the next structural markers below
US S&P Global PMIs Wed 13:45 UTC are the week's only high-impact US data and could materially shift this read
Tokyo's return with the new 1.25% rate in effect restores liquidity and can break the current compression in either direction
00:01 UTC
Uptrend, grind rather than impulse · RSI 56 · price 157.377
Higher lows since Monday's low, capped under 157.53.
USDJPY ground higher through Monday with Tokyo shut for Silver Week, recovering almost all of Friday's post-rate-check slide from the 158.06 week high and closing the hour at 157.38. Monday's low at 156.58 held early and each subsequent dip has been shallower, the 157.29 Asia low marking the latest higher low, with EMA(20) tracking just beneath price and price above EMA(50) throughout. The 157.53 Monday high has capped the last several hours and RSI(14) sits in the mid-50s — drift, not impulse, consistent with a hawkish-Fed dollar consolidating and a dovishly delivered BoJ leaving the yen offered.
Support: 157.29, 157.00, 156.58
Resistance: 157.53, 158.06
What it said to watch
Hourly close back below the 157.00 psych level would break the sequence of higher lows off Monday's low
Acceptance above the 157.53 monday high reopens the 158.06 week high
US flash PMIs Wed 13:45 UTC are the week's only high-impact US release and could reset this range
Rate-check or MoF/BoJ intervention headlines in thin holiday liquidity are a two-way risk to the current read