21:02 UTC
Uptrend, pressing prior highs · RSI 65 · price 160.248
Higher lows since April, retesting Q1 peak.
USDJPY has ground higher for the last six weeks off the April low near 155.00, reclaiming the 160 handle this week and printing fresh closes above it. Price is now testing the Q1 ceiling at 160.46–160.72, the zone that capped late February and triggered the sharp March 30 reversal. The grind sits on the wide US-Japan rate gap, reinforced by Friday's blowout NFP, with the pair pinned just under the 160.00 intervention line that MoF jawboning has defended all quarter.
Support: 160.00, 159.30
Resistance: 160.46, 160.72
What it said to watch
- US CPI Jun 10 and BoJ Jun 16 could materially shift this read
- Sustained trade above 160.00 raises live intervention risk near the line
- Daily close above 160.72 opens the path beyond the Q1 high
- Failure to hold 159.30 would break the rising-lows sequence