USDJPY gapped higher into Friday's NFP beat (172K vs 85K f/c) and tagged a week high at 160.39, parking the pair right back at the late-April intervention zone around 160.00. Price then fully retraced to 159.84 before recovering, and has since coiled in a tight 160.10-160.27 band with RSI(14) drifting around the midline. The 160.00 round number is the pivot — demand stepped in there on the pullback.
Support: 160.00, 159.84, 159.73
Resistance: 160.391, 160.75
What it said to watch
Hourly close above 160.75 opens the path toward 161.15+
Loss of 160.00 reopens 159.84 swing low and the 159.73 week low
US CPI Wed 12:30 UTC could materially shift this read
MoF/BoJ intervention risk elevated at 160.00 — squeeze potential
USD/JPY broke higher mid-week on the firm US data run and pushed back to the April-30 intervention zone, tagging 160.39 before sellers capped it. Price has since carved higher lows off 159.84 and is grinding sideways either side of the 160.00 round number with RSI(14) hovering near 53. Demand is stepping in around 160.00 but supply at 160.39 has held two attempts.
Support: 160.00, 159.84
Resistance: 160.39, 160.27
What it said to watch
H1 close above 160.39 opens the path toward 160.75
Loss of 160.00 intervention zone confirms a lower-low toward 159.84
US CPI Wed and MoF intervention risk at 160.00 could materially shift this read
22:01 UTC
Ranging near intervention zone · RSI 51 · price 160.152
Range-bound 159.84–160.39, capped under 160.40.
USDJPY is pinned around the 160.00 round number after re-testing the April intervention area, with the 160.39 week high capping the latest push and a pullback into 159.84 finding buyers on the NY session drop. Price now oscillates around EMA(20) with RSI(14) flat near 51 — no clean directional impulse since the weekend gap. Yield-spread support keeps the pair heavy near 160, but the level sits in declared MoF intervention territory.
Support: 160.00, 159.84
Resistance: 160.39, 160.75
What it said to watch
US CPI Wed could materially shift this read — soft print risks a USD long-squeeze
H1 close above 160.39 week high opens the path to 160.75
Failure to hold 159.84 swing low confirms a lower low
Intervention/verbal-warning risk while price sits at the 160.00 round number
USDJPY rallied through the week into the April-30 intervention zone near 160.30, with the bulk of the move arriving in the session jump off 159.84 on firm US data and wide UST/JGB spreads. The 160.39 week high has capped two attempts and price is now consolidating just above the 160.00 line. RSI(14) has cooled back to the mid-50s after stalling at the highs.
Support: 160.00, 159.84
Resistance: 160.39, 160.75
What it said to watch
Hourly close above 160.39 week high opens the path toward 160.75
Loss of 160.00 intervention line shifts focus to the 159.84 swing low
US CPI Wed and BoJ June 16 are the dominant catalysts that could reshape this read
MoF/BoJ verbal intervention near 160 could spark a sharp squeeze
21:02 UTC
Uptrend, momentum slowing near intervention zone · RSI 53 · price 160.169
Higher-highs into 160.39, pullback holding above 160.00.
USD/JPY is pinned at the April-30 intervention zone after Friday's NFP blowout (172K vs 85K) drove the leg toward 160.39. Monday's session tagged that week high before sliding to 159.84, with price now hovering on EMA(20) near 160.17 and RSI(14) cycling mid-range. The 160.00 round level has absorbed the pullback so far.
Support: 160.00, 159.84
Resistance: 160.39, 160.75
What it said to watch
Close above 160.39 week high opens the path toward 160.75 resistance
Failure to hold 159.84 swing low confirms a lower low
BoJ decision and MoF intervention risk at the 160.00 line could materially shift this read
USDJPY has held the April-30 intervention zone near 160.00 all week, with the week's high at 160.391 capping the topside on a Q1 GDP beat that failed to lift the yen. Price dipped to 159.84 mid-week then recovered to sit just above EMA20 around 160.17, RSI cycling near 50. Both Fed-hike repricing and MoF intervention fear keep this two-way and compressed around the figure.
Support: 160.00, 159.841
Resistance: 160.391, 160.75
What it said to watch
Hourly close above 160.391 opens the path toward 160.75
Failure to hold 160.00 psych exposes the 159.84 week low
US CPI Wed 12:30 GMT is the key catalyst for this read
BoJ June 16 and MoF intervention chatter could sharply shift this read
Breakout above 160 then consolidation near week high.
USDJPY broke through 160.00 — the April-30 intervention zone — during Thursday's NY session and has held above it since, with the weekend gap quickly refilled and Monday pushing back to the week high at 160.37. The move tracks the broad USD bid after Friday's 172K NFP beat and a wide UST/JGB yield spread, while a stronger Q1 GDP print failed to lift the yen. Price sits above EMA(20) with RSI(14) cycling in the upper half, momentum constructive but capped under 160.37.
Support: 160.00, 159.84, 159.73
Resistance: 160.37, 160.75
What it said to watch
H1 close above 160.37 opens the path toward 160.75
Failure to hold 160.00 reopens 159.84 and the 159.73 week low
MoF/BoJ intervention chatter at the 160 zone could trigger a sharp reversal
US CPI Wed 12:30 GMT is the week's defining catalyst
20:01 UTC
Uptrend, pressing intervention zone · RSI 56 · price 160.19
Higher lows holding above 160, capped near week high.
USDJPY spiked off 159.73 on Friday's blowout NFP and has held a higher-low base above 160.00 since, re-challenging the April-30 intervention zone with the week high at 160.39. Price slipped to 159.84 mid-week before buyers stepped in to reclaim 160, and RSI(14) is cycling in the mid-50s as the grind extends rather than impulses. Yield-spread drag keeps the pair pinned to 160 while MoF intervention warnings and the 160.75 resistance cap the upside.
Support: 160.00, 159.84, 159.73
Resistance: 160.39, 160.75
What it said to watch
US CPI Wed 12:30 GMT is the week's defining catalyst — can shift this read
Sustained H1 close above 160.39 opens the path to the 160.75 interv zone
Loss of 160.00 psych puts the 159.84 swing low back in play
BoJ June 16 and any MoF verbal intervention could squeeze the move sharply
19:01 UTC
Uptrend, pressing range top · RSI 61 · price 160.242
Higher highs into 160.30s, shallow pullbacks bought.
USD/JPY has ground higher all week on the NFP afterglow and safe-haven dollar bid, with the yen soft despite a Q1 GDP beat. Price is re-challenging the April-30 intervention zone near 160.30 after a dip to 159.84 was recovered into the NY session; EMA(20) caught the pullback and RSI(14) is back near 60. The week high at 160.39 caps for now, with 160.75 the next resistance flagged above.
Support: 159.84
Resistance: 160.39, 160.75
What it said to watch
Hourly close above 160.39 opens the path toward 160.75
Loss of the round 160 level reopens the 159.84 swing low
US CPI Wed and BoJ Jun 16 plus intervention risk near 160.30 could reshape this read
19:01 UTC
Uptrend, testing intervention zone · RSI 61 · price 160.242
Higher lows, pressing into 160.30 area.
USD/JPY has reclaimed the 160.30 April-30 intervention area after a midweek pullback held above the 160.00 psych line, with the dollar broadly bid since Friday's 172K NFP and JPY soft on wide yield spreads. Price sits above EMA20 and EMA50 with RSI(14) holding the upper half near 60, and the 159.84 swing low marks the base of the recovery. The wk high at 160.39 caps the topside; sustained trade above opens the 160.75 zone.
Support: 160.00, 159.84
Resistance: 160.39, 160.75
What it said to watch
Hourly close above 160.39 wk high exposes the 160.75 interv zone
Loss of 160.00 psych and 159.84 swing low breaks the higher-low sequence
US CPI Wed 12:30 GMT is the week's defining catalyst — could materially shift this read
Verbal MoF/BoJ intervention risk active at the 160.00 zone
Higher highs into 160.39, holding above 160.00 after pullback.
USD/JPY sits back at the April-30 intervention zone near 160 after Friday's NFP shock (172K vs 85K) drove a broad dollar bid into the new week. The pair impulsed to a week high at 160.39 in NY hours, faded to 159.84, and has since recovered to retest 160.00 — RSI(14) cycling mid-range as momentum cools. Wednesday's US CPI is this week's pivot for the next leg.
Support: 160.00, 159.84, 159.75
Resistance: 160.39, 160.75
What it said to watch
Hourly close above 160.39 opens the path toward 160.75
Failure to hold 160.00 puts the 159.84 swing low back in play
US CPI Wed 12:30 UTC could materially shift this read
Higher highs into intervention zone, pullback holding.
USDJPY has ground higher all week on the wide UST/JGB spread, gapping up over the weekend and tagging the 160.39 week high before fading. Price is back testing the 160.00 psych and April intervention line, with EMA20/EMA50 stacked beneath holding the pullback. JPY stayed soft despite a Q1 GDP beat as traders doubt a June 16 BoJ hike.
Support: 160.00, 159.84
Resistance: 160.39, 160.75
What it said to watch
May US CPI Wed 12:30 UTC is the week's pivot — could materially shift this read
MoF/BoJ intervention risk active while price sits at the 160.00 line
Close above 160.39 opens the path to 160.75
Failure to hold 160.00 exposes the 159.84 swing low
Higher highs into 160.39, pullback holding 160.00.
USD/JPY is pinned at the 160 intervention zone — it pressed to a week high near 160.39 during NY hours before fading to 159.84 and recovering toward EMA20. USD stayed firm after Friday's NFP beat while the soft yen sits back at April-30 intervention levels. RSI is mid-range and price is hovering around EMA20 after the bounce off the 160.00 floor.
Support: 160.00, 159.84
Resistance: 160.39, 160.75
What it said to watch
H1 close above 160.39 opens the path toward the 160.75 resistance
Failure to hold 160.00 reopens 159.84 and the higher-low trendline
US CPI Wed could materially shift this read
17:02 UTC
Choppy, capped near 160.40 · RSI 51 · price 160.144
Range below week high, 160.00 defended.
Friday's NFP shock (172K vs 85K) drove USDJPY off the 159.73 low up to a 160.39 week high, retesting the alleged April-30 intervention zone. Price has since pulled back to retest 160.00, which held, and is recovering into 160.14 — RSI(14) sits mid-range near 51 with price hugging EMA(20). The 160.39 cap has rejected price once and stalled the recovery short of it.
Support: 160.00, 159.84, 159.73
Resistance: 160.39, 160.75
What it said to watch
Hourly close above 160.39 opens the path to the 160.75 resistance
Failure to hold 160.00 exposes the 159.84 swing low then 159.73 week low
US CPI Wed and MoF intervention risk at 160 could materially shift this read
USD/JPY cleared the 160.00 intervention zone on a firm rally mid-week and extended into the post-weekend session to a 160.39 week high, in line with broad yen weakness on the wide UST/JGB spread and higher oil. Price was then rejected at the highs and pulled back to a 159.84 pullback low before recovering to 160.12, leaving it pinned between EMA20 above and EMA50 below. RSI(14) has cycled back to neutral around 49 as the post-breakout drive lost pace.
Support: 160.00, 159.84, 159.73
Resistance: 160.39, 160.34
What it said to watch
Sustained move back below 160.00 intervention zone reopens the 159.84 pullback low and 159.73 swing low
H1 close above 160.39 week high extends the breakout toward 160.75
BoJ on June 16 and verbal/actual MoF intervention near 160 are the dominant risks to this read
USD/JPY broke above the 160 intervention threshold mid-week on broad yen weakness and firm US data, rallying to 160.39 before fading. The pullback retested the 160.00 psych level, which held, and price is recovering toward EMA20 with RSI cycling near 52. Week-high resistance at 160.39 caps the upside for now.
Support: 160.00, 159.84, 159.41
Resistance: 160.39, 160.34
What it said to watch
Hold above 160.00 keeps the path toward 160.39 week high open
An H1 close below 159.84 swing low reopens 159.41
US CPI Wed 12:30 UTC could materially shift this read
MoF/BoJ intervention risk active while price sits above 160.00
15:02 UTC
Uptrend, momentum cooling · RSI 51 · price 160.09
Higher highs above 160, shallow pullback.
USD/JPY broke above the 160.00 intervention zone last week and pressed a fresh week high at 160.39 during the NY session, fuelled by firm US data and broad yen weakness. Price has since pulled back to retest 160.00, dipping to 159.84 before recovering, and now sits between EMA20 and EMA50 with RSI(14) cycling back toward neutral. The 160.00 round number is acting as the pivot for this week's structure.
Support: 160.00, 159.84
Resistance: 160.39, 160.75
What it said to watch
H1 close below 160.00 round number reopens the 159.84 swing low
Reclaim of 160.39 week high opens the path to 160.75 resistance
BoJ Jun 16 / MoF intervention risk around 160.00 could shift this read
US CPI Wed is the dominant catalyst for the next sessions
15:01 UTC
Uptrend, pulling back after week high · RSI 47 · price 160.09
Higher highs into 160.39, now retesting 160.00.
USD/JPY broke clear of the 160.00 intervention line during last week's NY session on the back of the blowout NFP print, running to a 160.39 week high before stalling. Price has since slipped back under EMA20 (~160.19) and is holding just above the 160.00 round number, with RSI cycling mid-range as the impulse cools. The broader week structure remains a series of higher lows off the 159.41 base.
Support: 160.00, 159.84, 159.41
Resistance: 160.26, 160.39, 160.75
What it said to watch
Loss of 160.00 and a close below 159.84 confirms a lower low
Reclaim of 160.26 reopens the 160.39 week high and 160.75 supply
US CPI Wed and BoJ Jun 16 are dominant catalysts that could reset this read
MoF intervention risk active while price sits above the 160.00 line
14:02 UTC
Uptrend, momentum fading · RSI 46 · price 160.033
Pullback from week high after rejection.
USD/JPY cleared 160.00 on Friday's 172K NFP beat and extended to a week high at 160.39 before this week's sessions faded the move back to 160.03. Price now sits below EMA(20) after the rejection at 160.39, with RSI(14) cooling toward mid-range. The 160.00 psych/intervention threshold is back in focus as price hovers just above it.
Support: 160.00, 159.84
Resistance: 160.26, 160.39
What it said to watch
Reclaim of 160.26 prior high reopens the 160.39 week high
Failure to hold 159.84 swing low confirms a deeper pullback
US CPI Wed and BoJ Jun 16 are the dominant catalysts for this read
14:02 UTC
Uptrend, pulling back from week high · RSI 44 · price 160.033
Impulse to 160.39 then retrace to 160.00.
USD/JPY pressed through the 160 psych level into Friday's NY session and rallied to a week high at 160.39 before fading; JPY stayed weak despite the Q1 GDP beat, the move carried by firm US data and higher oil. Price has since retraced roughly 60% of that rally back to 160.00, with RSI cooling toward 44 and price slipping below the H1 EMA20/EMA50 cluster. The round number is being retested as prior resistance-turned-pivot.
Support: 160.00, 159.84
Resistance: 160.34, 160.39
What it said to watch
Loss of 159.84 swing low confirms a deeper pullback
Reclaim of 160.34 prior high reopens the 160.39 week high
BoJ decision Jun 16 and intervention risk near 160 are the dominant catalysts
US CPI Wed could materially shift this read
13:02 UTC
Uptrend, pulling back from week high · RSI 42 · price 159.943
Impulse above 160 now retesting the breakout.
USDJPY cleared the 160.00 line on a strong impulse into the NY session late last week, extending to a 160.39 week high as the post-NFP USD bid and weak yen kept pressure on. Price has since faded back below 160.00, with RSI(14) cooling toward 40 as the pullback retraces much of that move. The pair sits in the intervention-sensitive zone, with the BoJ decision and US CPI as the dominant catalysts ahead.
Support: 159.84, 159.73
Resistance: 160.00, 160.39
What it said to watch
Hourly close back above 160.00 reasserts the breakout toward the 160.39 week high
Failure to hold the 159.84 session low opens the 159.73 swing low
US CPI Wed 12:30 GMT could materially shift this read
Intervention risk elevated near the 160.00 round number
13:02 UTC
Uptrend stalling, pulling back · RSI 44 · price 159.943
Rejection at 160.39, retesting 160.00.
USDJPY ground up through the week and tagged 160.39 before supply capped it twice near 160.34/160.39. Price has since slipped back below 160.00 into the NY session, now hovering at 159.94 with RSI(14) cooling into the 40s and price dropping under both EMAs. The 160.00 round number — also the flagged intervention line — is the immediate pivot after this rejection.
Support: 159.84
Resistance: 160.00, 160.34, 160.39
What it said to watch
Reclaim of 160.00 reopens the 160.34 prior high
Loss of 159.84 session low confirms a deeper pullback
US CPI Wed 12:30 GMT could materially shift this read
USD/JPY pressed above 160.00 into Friday's NFP beat and extended to a 160.39 week high in the latest NY session before being rejected and rolling back below EMA(20). Price now sits near 159.96 having retraced almost the entire week's rally, with lower highs printing into the close. The pair is trading right at the 160.00 intervention threshold Tokyo has flagged, leaving CPI Wednesday and verbal/actual intervention as the live two-way risks.
Support: 159.84, 159.60
Resistance: 160.30, 160.39, 160.75
What it said to watch
H1 close back above 160.30 reopens the 160.39 week high and 160.75
Failure to hold 159.84 session low exposes 159.60 support
US CPI Wed 12:30 UTC could materially shift this read
Intervention headlines near 160.00 carry outsized snap-back risk
USD/JPY cleared 160.00 — the level Tokyo flags as the limit of tolerable Yen weakness — on Friday's blowout NFP and firmer oil, extending to a 160.391 week high before fading. Price has slipped back to 160.00 during the NY session, now testing the round number from below with RSI cooling toward 43 and price back under EMA20. Q1 GDP beats failed to lift the Yen as June BoJ hike pricing was already in.
Support: 160.00, 159.834
Resistance: 160.30, 160.391
What it said to watch
Hourly close back above 160.00 reopens the 160.391 week high
Failure to reclaim 160.00 confirms rejection toward the 159.834 swing low
Intervention headlines remain a live two-way risk above 160.00
US CPI Wed 12:30 GMT could materially shift this read
10:01 UTC
Uptrend, pulling back · RSI 46 · price 160.00
Broke 160.00, retesting from above.
USDJPY pushed through 160.00 into the NY session and ran to a 160.39 week high before fading back to the figure, the advance coming as a stronger Japan Q1 GDP print failed to lift the yen. Price is now retesting the 160.00 breakout level from above, with RSI(14) rolling off into the mid-40s as the last bars dropped from 160.37 to the figure. 160.00 doubles as the much-flagged MoF intervention threshold, so the retest carries elevated two-way risk.
Support: 160.00
Resistance: 160.39, 160.34
What it said to watch
Sustained H1 close below 160.00 turns the breakout into a failed retest
Hold above 160.00 keeps 160.39 week high in reach
US CPI Wed 12:30 UTC could materially shift this read
Intervention risk if price re-extends and holds above 160.00
USD/JPY ground higher all week on Friday's NFP-driven USD bid, peaking at 160.39 before the latest NY session faded the move back to the 160.00 intervention line. Stronger Japanese Q1 GDP failed to lift the yen, but the sharp rejection off the prior-high cluster around 160.30 has pulled price back below EMA(20) with RSI(14) easing under 50. The 160.00 round number remains the pivot — defended repeatedly through the week.
Support: 160.00, 159.84, 159.73
Resistance: 160.39, 160.30
What it said to watch
H1 close below 160.00 invalidates the higher-low structure and opens 159.84 then 159.73
USD/JPY broke out of the 159.20–160.00 range mid-week on the firm-dollar, post-NFP backdrop, gapping higher and printing a week high at 160.391 before stalling. Price has since drifted back toward 160.20, holding above the 160.00 intervention line with RSI(14) cooling from the breakout extreme. The 160.30 area has capped the last two attempts while demand has stepped in above 160.15.
Support: 160.00, 159.20
Resistance: 160.391, 160.30
What it said to watch
H1 close back below 160.00 reopens the 159.20 range floor and re-engages intervention risk
Acceptance above 160.391 extends the breakout toward 161.15
MoF intervention headlines near 160.00 are a live tail risk at any time
US CPI Jun 10 12:30 UTC could materially shift this read
07:01 UTC
Uptrend, extended near 160 · RSI 63 · price 160.26
Higher highs, consolidating at week high.
USDJPY cleared the 160.00 intervention line on Friday's blowout NFP-driven dollar strength and has held above it since, now consolidating in a tight 160.26–160.39 band. RSI(14) sits in the low-60s, elevated but not stretched, with price riding above both EMA(20) and EMA(50). Q1 Japan GDP beat reinforced the BoJ-normalisation narrative but failed to pull price off the 160 handle.
Support: 160.00
Resistance: 160.39
What it said to watch
An H1 close back below 160.00 invalidates the breakout and reopens intervention risk
US CPI Jun 10 12:30 UTC could materially shift this read
BoJ Jun 16 decision is the dominant catalyst for any squeeze off 160
06:01 UTC
Uptrend, fresh breakout · RSI 62 · price 160.255
Higher highs above 160.00 after range break.
USDJPY cleared the 160.00 intervention line on Friday's NY-session surge and held the breakout into the new week's open, with price grinding to a 160.39 session high before easing to 160.26. Strong Japanese GDP and the firm post-NFP dollar kept the pair pinned above 160.00, while the weekend gap left the 159.84 breakout base untested. RSI(14) sits in the low-60s and price holds above both EMA(20) and EMA(50).
Support: 160.00, 159.84
Resistance: 160.39, 160.34
What it said to watch
Hold above 160.00 keeps the breakout intact; an H1 close back below negates it
BoJ decision Jun 16 and intervention headlines above 160.00 are the dominant catalysts
US CPI Wed Jun 10 could materially shift this read
USDJPY broke and held above the 160.00 intervention line on Friday's NFP-driven surge and has consolidated in a tight 160.24–160.39 band since. Price tracks above EMA20 on a sequence of higher lows, with RSI(14) holding the low-60s; the week high at 160.39 has capped the latest push. Pinned against the 160 ceiling, the tape reflects the standoff between intervention warnings and the US-Japan rate gap.
Support: 160.00, 160.17
Resistance: 160.39, 160.50
What it said to watch
Sustained break of 160.00 raises MoF intervention risk
Close above 160.40 opens the path toward 160.50 psych
BoJ June 16 decision is the binary that could reset this read
USD/JPY broke decisively above the 160.00 line during the late-Friday NY session and has held above it into the new week, now sitting at session highs around 160.39. Hot Japanese GDP and wage data built the BoJ-hike case but the yen reaction stayed muted, leaving price pinned to the 160 intervention ceiling with the US-Japan rate gap underpinning. Price holds above EMA20 and EMA50 with RSI in the mid-60s, momentum intact but approaching the well-flagged intervention zone.
Support: 160.00, 159.83, 159.75
Resistance: 160.39, 161.15
What it said to watch
Sustained hold above 160.00 keeps the breakout valid; loss of it reopens 159.83 swing low
A push through 160.39 session high targets the 161.15 wedge top, where intervention risk is cited
US CPI Wed and BoJ June-16 decision are the binary events that could materially shift this read
USDJPY spent most of the week pinned in a 159.85–160.05 range before Friday's blowout 172K NFP drove a clean break above 160.00. Price has since extended to a fresh week high at 160.39 after the weekend gap, holding firmly above EMA20 with RSI cycling in the high-60s. Pullbacks have held above the 159.95 prior range and the 160.00 line is now acting as support, though the standoff at the intervention threshold keeps upside fade-prone.
Support: 160.00, 159.95
Resistance: 160.39, 161.15
What it said to watch
H1 close back below 160.00 negates the breakout and re-opens the prior range
160.00 intervention line — a sustained push raises MoF action risk
May CPI Wed Jun 10 12:30 UTC could materially shift this read
Acceptance above 160.39 opens the path toward the 161.15 wedge top
Higher highs since breakout, consolidating at week high.
USDJPY cleared 160.00 on a sharp NFP-driven USD bid and has held the breakout, grinding to a 160.354 high before stalling. Price is consolidating in a tight 160.24–160.35 band just above the round number, with RSI(14) holding the low-60s and price above both EMA(20) and EMA(50). The pair sits squarely in the 160 intervention zone, where Tokyo verbal warnings have repeatedly capped upside.
Support: 160.00, 159.84
Resistance: 160.354, 161.15
What it said to watch
US CPI Jun 10 12:30 GMT is the dominant catalyst and could materially shift this read
H1 close back below 160.00 negates the breakout and reopens the 159.84 base
Sustained acceptance above 160.35 opens the path toward the 161.15 wedge top, though intervention risk stays elevated near 160
BoJ Jun 16 decision a binary risk for the rate-gap structure
USD/JPY broke decisively through the 160.00 intervention line during Friday's NY session after the blowout NFP print, then held the gain into this week's reopen with price now pressing 160.35. Price sits above both EMA20 and EMA50 with RSI cycling in the low-60s, and Japan's Q1 GDP beat has done little to dent the rate-gap bid. The 160.00 round number, prior resistance, is now the pivot being defended.
Support: 160.00, 159.83
Resistance: 160.35
What it said to watch
H1 close back below 160.00 negates the breakout and reopens 159.83
Intervention risk at 160.00 caps upside despite USD strength
US CPI Wed Jun 10 could materially shift this read
USDJPY coiled in a tight 159.85–160.05 range for most of the week before pushing through the 160.00 intervention zone during yesterday's session, with price now holding near the 160.35 week high. RSI(14) is elevated above 60 and price sits clear of EMA20 and EMA50 after the breakout. The 160.30 range top, flagged by desks as a ceiling, has so far been overcome but remains the pivot for whether the move sticks.
Support: 160.00, 159.84
Resistance: 160.35, 160.30
What it said to watch
Sustained hold above 160.00 keeps the breakout intact; a close back below reverts to the prior range
Decisive break of 160.35 week high opens room higher but raises MoF intervention risk
US CPI Tue 12:30 UTC could materially shift this read