USD/JPY AI Live Scan, 4-hour chart, Thursday, 4 June 2026
Every read JAFX AI made on the USD/JPY 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:03 UTC
Uptrend, grinding into 160 · RSI 64 · price 159.99
Higher highs / higher lows, testing psych 160.
Uptrend intact with higher lows since the early-month base near 156.4; price has ground steadily into the 160.00 psych level and capped twice around 160.09. JPY remains pinned near 160 with intervention risk elevated and a June BoJ hike priced, while firm USD keeps the dollar supported. ATR is compressed, leaving price coiled directly beneath the round number.
Support: 159.41
Resistance: 160.09, 160.00
What it said to watch
H4 close above 160.09 opens the path higher beyond psych 160
Failure to hold 159.41 swing low signals a deeper pullback
US NFP in ~15h is a key external driver for this read
Clean stair-step uptrend across the window, with price grinding from 156.43 to a fresh swing high at 160.09 and EMA20/50 stacked beneath. The latest break above the 159.75 ceiling has so far held on retest, but the 160 handle is capping and ATR is steady rather than expanding, suggesting the impulse is maturing rather than accelerating.
Support: 159.75, 159.10
Resistance: 160.09, 160.50
What it said to watch
Sustained H4 close back below 159.75 turns the break into a false break and exposes 159.10
H4 close above 160.09 swing high opens the path to the 160.50 psych level
Loss of 159.10 swing low would break the higher-low sequence
Higher highs and higher lows, capped at 160 psych.
Stair-step uptrend intact from the 156.40 base three weeks ago, with price now pressing the 160 psych level after a clean break of the 159.40 swing high. Recent bars show rejection wicks at 160.09 and a rising wedge taking shape as ATR compresses, suggesting momentum is fading into the round number. BoJ June-hike chatter is feeding two-way flow right at the level Scotiabank flagged for intervention risk.
Support: 159.40
Resistance: 160.09, 160.00
What it said to watch
H4 close above 160.09 swing high opens path toward fresh extension
Break of 159.40 swing low would mark first lower-low and break the wedge
US jobs data tomorrow could materially shift this read
Verbal intervention risk elevated while price hovers at 160 psych
Steady higher-low structure since the late-month base near 156.43, with price grinding into the 160.00 psych level and posting a swing high at 160.086. Rallies have become shallower while ATR(14) compresses, giving the recent advance a wedge-like profile as buyers stepped in repeatedly at 159.41. BoJ June-hike chatter and intervention talk near 160 are the obvious frictions capping the move.
Support: 159.41
Resistance: 160.086, 160.00
What it said to watch
H4 close above 160.086 swing high opens path toward fresh extension
Loss of 159.41 swing low breaks the higher-low sequence
Intervention risk elevated at the 160 psych level per Scotiabank commentary
US jobs data ahead could materially shift this read
USDJPY has ground higher in a stair-step uptrend over the last three weeks, posting a fresh swing high at 160.09 before fading back to 159.98. Price is pressing the psych 160 level for the third session and rejecting it, with the most recent push showing narrower bodies — a rising wedge tone into resistance. EMA20 sits above EMA50 and both track below price, but RSI near 58 with flattening highs suggests momentum is no longer expanding alongside price.
Support: 159.40, 158.79
Resistance: 160.09, 160.00
What it said to watch
H4 close above 160.10 extends the uptrend toward fresh highs
Break below the 159.40 swing low signals wedge failure and opens 158.79 range low
BoJ June hike speculation and 160 psych intervention risk could materially shift this read