USD/JPY AI Live Scan, daily chart, Wednesday, 8 July 2026
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, grinding into resistance · RSI 61 · price 162.354
Higher highs, higher lows since April.
Multi-month uptrend intact, with USDJPY carving higher highs and higher lows since the early-April washout to 155.03 as the yen sits near 40-year lows. Price is grinding toward the 162.84 swing high, having already logged one sharp rejection off 162.6 that dumped to the 160.60 range floor before recovering. Above sits the 163.00 psych level, flagged as the major resistance and intervention danger zone.
Support: 160.60
Resistance: 162.84, 163.00
What it said to watch
Daily close above 163.00 psych opens further upside but sharply raises MoF/BoJ intervention odds
Repeated rejection at the 162.84 swing high signals the grind is stalling
Failure to hold 160.60 range floor breaks the higher-low sequence
FOMC minutes today could shift the USD leg materially
21:02 UTC
Uptrend, momentum steady · RSI 64 · price 162.354
Higher highs, higher lows since April low.
USDJPY has trended higher for three months, price holding above a rising EMD(50) since the early-April flush to 155.00, with yen pinned near 40-year lows on wide rate differentials and dovish BoJ commentary. The last two weeks have consolidated in the 160.60-162.84 band, with the June high at 162.84 capping and the 162-163 zone flagged as an intervention danger area. Price sits just under that resistance after recovering the 160.60 floor.
Support: 160.60
Resistance: 162.84, 163.00
What it said to watch
Daily close above 163.00 opens the path higher but sharply raises MoF/BoJ intervention odds
Failure to hold 160.60 breaks the multi-week range floor
US CPI Jul 14 12:30 UTC is the primary needle-mover for this pair