21:02 UTC
Uptrend, pressing 40-yr highs · RSI 67 · price 161.936
Rising HH/HL chain since April.
Structural yen weakness keeps USDJPY grinding higher, with price stalling just under the four-decade high at 162.00 after a steady multi-week climb off the April 155 washout. Price holds well above a rising EMA(50), and the uptrend has run in roughly weekly steps since recovering from that spike. The pair has now spent eight sessions coiling in a tight 161.50–162.00 band as upside momentum narrows into the 40-yr resistance.
Support: 161.00
Resistance: 162.00, 161.98
What it said to watch
- Daily close above 162.00 opens uncharted territory above the 40-yr high
- Loss of 161.00 EMA pivot would break the bullish daily structure
- MoF/BoJ intervention rhetoric is the main snapback risk into 162
- Japan Tankan tonight and US NFP Thu could reset this read