Chain of higher highs / higher lows since late-March low.
USDJPY has been in a steady multi-month uptrend off the late-March low near 155.03, holding above a rising EMR(50) throughout and now printing fresh multi-decade highs at 163.85 as carry demand and the energy-import channel keep the yen pinned. The last four sessions cleared the prior 163.24 high, turning it into first support, with the 164.00 handle the next area to watch for rejection or break. RSI on D1 is elevated near 73 — genuine overbought territory — as price stretches from the EMA(50).
Support: 163.24, 162.40
Resistance: 164.00
What it said to watch
BoJ rate decision + Outlook Jul 31 could materially shift this read
Intervention risk escalates near 40-yr highs and may cap gains
Daily close above 164.00 opens the path to further highs
Failure to hold 163.24 puts 162.40 swing support back in focus
21:02 UTC
Uptrend, extending · RSI 71 · price 163.852
Higher highs, fresh breakout above 163.24.
Multi-month uptrend, price holding above a rising EMA(50) since the early-May base near 156.50. This week's push cleared the prior 40-yr high at 163.24 and printed fresh multi-decade tops near 163.94, driven by the wide US-Japan rate gap and the energy shock weighing on JPY. RSI has cycled into overbought as the advance accelerates into open air above the old high.
Support: 163.24, 162.40
What it said to watch
Failure to hold 163.24 on a daily close reverts the read to range under the 40-yr high
BoJ decision + Outlook Report Jul 31 could trigger a hawkish squeeze back toward 162.40
FOMC Wed Jul 29 is the dominant USD catalyst for the next several sessions
MoF intervention rhetoric escalating near multi-decade lows caps further extension