Every read JAFX AI made on the USD/JPY daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:02 UTC
Uptrend, momentum easing near cycle high · RSI 58 · price 163.274
Chain of higher highs/lows since April low.
Multi-month uptrend intact, price holding above a rising EMezx(50) since the early-April washout to 155.03, with a steady HH/HL chain through May-July. Two weekly attempts at the 163.99 multi-decade high have stalled, and the last two sessions pulled back to 163.27 as the wide US-Japan rate gap keeps structural pressure on the yen. Tokyo CPI tonight and Friday's BoJ decision are the immediate catalysts framing this zone.
Support: 162.40
Resistance: 163.99
What it said to watch
- BoJ decision Fri 03:00 GMT — hawkish guidance could firm JPY and cap this zone
- A daily close above 163.99 extends the trend but invites MoF intervention risk
- Failure to hold 162.40 breakout would mark the first lower-low since April
21:02 UTC
Uptrend, momentum slowing near highs · RSI 58 · price 163.274
HH/HL chain, consolidating below multi-decade high.
USDJPY has trended up since the early-April washout bottomed near 155.03, price holding above EMA(50) throughout the climb. The last two weeks stalled just under the 163.99 multi-decade high, with a rounded consolidation between roughly 163.23 and 163.99 as the US-Japan rate gap keeps structural pressure on the yen. The last several sessions rejected the highs and are drifting back toward the recent low near 163.23.
Support: 163.23, 162.50
Resistance: 163.99, 163.86
What it said to watch
- BoJ decision Fri 03:00 GMT is the key JPY catalyst and could reset this read
- A break above the 163.99 decade high invites MoF intervention risk near cycle lows
- Daily close below 162.50 swing low would break the rising-low structure