21:02 UTC
Uptrend, momentum slowing near 162 · RSI 66 · price 161.756
Higher highs / higher lows since April low.
USDJPY has ground higher for two straight weeks, holding above a rising EMET(50) and printing higher lows since the early-April washout to 155.03. Price is now parked just under the 162.00 level flagged as the BoJ/MoF intervention line, with the wide US-Japan yield gap and sticky US PCE underpinning the grind. The last six sessions show shrinking daily ranges between roughly 161.10 and 161.95, a sign the advance is stalling as it tests that asymmetry zone.
Support: 161.10
Resistance: 162.00, 161.95
What it said to watch
- Daily close above 162.00 extends the uptrend and tests the 162-163 intervention zone
- Loss of 161.10 support breaks the recent higher-low chain
- Jul 1 ADP + ISM cluster and intervention risk could materially shift this read