USDJPY has ground higher for months, printing a fresh 40-year high at 163.238 with price holding above a rising EMD(50) since the April rebound off 155. The grind reflects the weak-yen carry theme and an energy-driven import bill, while hawkish-BoJ repricing has yet to dent the trend. Advance is orderly rather than parabolic — RSI is elevated near 68 but not yet stretched into overbought.
Support: 162.40
Resistance: 163.238, 163.50
What it said to watch
Japan National CPI tonight 23:30 UTC — a hot print could pressure price back toward 162.40 support
Daily close above 163.238 opens the path toward 163.50
Failure to hold 162.40 would mark the first lower-low since April
21:03 UTC
Uptrend, near 40-year highs · RSI 66 · price 163.088
Chain of higher highs and higher lows.
USDJPY sits at multi-decade highs, grinding higher in a steady weekly uptrend well above a rising EML(50) since the early-April rebound from 155.03. Persistent yen weakness on carry and the energy-driven import bill has carried price to the 163.24 40-year high, with buyers stepping in repeatedly around 162.40. Momentum is firm but not stretched, RSI mid-60s, as the market consolidates just under the prior peak.
Support: 162.40
Resistance: 163.24, 163.50
What it said to watch
National CPI tonight 23:30 UTC — a hot ex-fresh-food print could pressure price back toward 162.40
Daily close above 163.24 opens the path toward the 163.50 extension
Failure to hold 162.40 would break the recent higher-low sequence
MoF intervention risk near 163+ could force a sharp reversal