USD/JPY AI Live Scan, 1-hour chart, Thursday, 8 October 2026

Every read JAFX AI made on the USD/JPY 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

23:02 UTC

Range-bound, lower highs since Wednesday · RSI 42 · price 157.909

157.44–158.51 weekly range with a lower-high sequence and a sharp NY-session drop Thursday.

USD/JPY has rotated inside a 157.44–158.51 range since Monday's open. Wednesday's week high in Asia was followed by lower highs at 158.40 and the 158.37 thu high. Thursday's NY session saw rejection at that level, and price fell to the 157.52 thu low as US yields eased on Trump's Iran de-escalation. The bounce has stalled near the 38.2% retracement of that drop, below EMA(20) at 158.02, with RSI(14) near 42.

Support: 157.74, 157.52, 157.44

Resistance: 158.02, 158.37, 158.51

What it said to watch

  • H1 close back above EMA(20) at 158.02 and the lower-high trendline near 158.35 would break the lower-high sequence
  • Failure to hold the thu low at 157.52 exposes the week low at 157.44 and a range break
  • Weekly open at 157.74 is the first area to watch for demand on a pullback
  • A push through the week high at 158.51 runs into the 158.50–159 intervention-sensitive zone
  • UoM sentiment and inflation expectations Fri 14:00 UTC, plus Fed's Collins, could materially shift this read

22:03 UTC

Range-bound, momentum fading lower · RSI 40 · price 157.834

157.44–158.51 range with lower highs since Wednesday.

USD/JPY has held a 157.44–158.51 range since Monday. The post-FOMC-minutes push to the 158.51 week high faded, and highs have stepped lower since, with Wednesday's later high at 158.40 and the 158.37 Thu high. Thursday's NY session saw a rejection from 158.37 down to the 157.52 Thu low as Treasury yields pulled back and Trump's Iran de-escalation drained the oil premium. Price is stabilising near 157.83, at the 38.2% retracement of that drop and below the ema20 near 158.02, while the rising lows from the 157.44 week low remain intact.

Support: 157.515, 157.436

Resistance: 158.02, 158.365, 158.508

What it said to watch

  • H1 close below the 157.52 Thu low breaks the rising lows line and exposes the 157.44 week low
  • Recovery through the ema20 near 158.02, which sits close to the 61.8% retracement of the NY drop, would neutralise Thursday's selloff
  • Close above the 158.37 Thu high breaks the lower highs sequence and puts the 158.51 week high back in play
  • Fri 14:00 UTC UoM sentiment and inflation expectations, plus Fed's Collins, could move US yields and shift this read

21:03 UTC

Range-bound, momentum turning lower · RSI 40 · price 157.89

157.44–158.51 weekly range with lower highs since Wednesday.

USDJPY has held a 157.44–158.51 range since Monday's open. The week high at 158.51 printed in Wednesday's Asia session, and later highs at 158.40 and 158.37 sit progressively lower. A sharp drop into NY hours today took price to 157.52 as Trump ruled out Iran strikes before the midterms and US yields eased, and the bounce has stalled near the weekly open at 157.82, between the 38.2% and 50% retracement of that drop. Price sits below the ema20 near 158.06, with RSI(14) near 40.

Support: 157.82, 157.52, 157.44

Resistance: 158.06, 158.37, 158.51

What it said to watch

  • H1 close below the thu low at 157.52 and the week low at 157.44 would mark a range break lower
  • Recovery above the ema20 at 158.06 and the lower high at 158.37 would reopen the week high at 158.51
  • Failure to hold the weekly open at 157.82 keeps the Thursday NY drop in control of the near-term structure
  • UMich sentiment and inflation expectations plus Fed's Collins on Fri 14:00 UTC could materially shift this read

20:02 UTC

Sideways, momentum fading lower · RSI 38 · price 157.874

157.44–158.51 weekly range, lower high from Wednesday's peak.

USD/JPY has rotated inside a 157.44–158.51 band since Monday's open. Wednesday's Asia-session push above Monday's high to the 158.51 week high failed to hold, and Thursday's NY session printed a lower high at 158.37 before dropping to a 157.52 low as Trump ruled out Iran strikes before the midterms and Treasury yields eased. Price now sits just above the 157.82 weekly open and below the EMA(20) near 158.06, with RSI(14) near 38.

Support: 157.815, 157.515, 157.436

Resistance: 158.06, 158.365, 158.508

What it said to watch

  • H1 close below the 157.44 week low would break the range floor, beyond Thursday's 157.52 low
  • Failure to hold the 157.82 weekly open leaves Thursday's low exposed
  • Recovery above the ema20 at 158.06 and the 158.37 lower high would neutralise the fade from the week high
  • UMich sentiment and inflation expectations plus Collins speech Fri 14:00 UTC could materially shift this read
  • Further retreat in US Treasury yields remains the main driver of downside pressure

19:02 UTC

Range-bound, rolling over from mid-week high · RSI 37 · price 157.836

Lower highs since Wednesday's 158.51 peak inside the 157.44–158.51 weekly range.

USDJPY is back at Monday's weekly open of 157.82 after a NY-session drop to the Thursday low of 157.52. The slide came as Trump's Iran comments pulled US yields lower. Since Wednesday's Asia-session week high of 158.51, highs have stepped lower to 158.40 and then the 158.37 lower high, now tracked by a descending trendline, and price has slipped below EMA(20) near 158.12. Price sits on the 61.8% fib of the 157.44–158.51 weekly swing, RSI(14) is near 37, and the week low at 157.44 remains the floor of the range.

Support: 157.82, 157.52, 157.44

Resistance: 158.12, 158.37, 158.51

What it said to watch

  • H1 close below the 157.52 Thursday low extends the lower-low sequence and puts the 157.44 week low in play
  • Recovery above EMA(20) at 158.12 and the 158.37 lower-high trendline would neutralise the rollover read
  • A break of the 158.51 week high would reopen the range top area
  • Fri 14:00 UTC UoM sentiment and inflation expectations, plus Fed's Collins, could materially shift this read

18:02 UTC

Range-bound, momentum turning lower · RSI 34 · price 157.72

157.44–158.51 weekly range; higher-low sequence broken, lower high at 158.37.

USDJPY has held a 157.44–158.51 range since Monday's open. During NY hours today it slid in two bars from 158.37 to the 157.52 today low as US yields pulled back and Trump ruled out pre-midterm Iran strikes. Price now sits below the 157.82 weekly open and under the ema20 near 158.07, with RSI(14) in the mid-30s; the rising line of higher lows from Monday's week low has given way, and Wednesday's 158.51 week high was followed by a lower high at 158.37.

Support: 157.52, 157.44

Resistance: 157.82, 158.07, 158.51

What it said to watch

  • H1 close below the 157.44 week low breaks the range floor
  • Recovery above the 157.82 weekly open and the ema20 near 158.07 restores the mid-range read; 61.8% of today's drop sits near 158.04
  • H1 close above 158.37 neutralises the lower highs line from the 158.51 week high
  • Fri 14:00 UTC Michigan sentiment and inflation expectations could move US yields and materially shift this read

17:02 UTC

Sideways, lower highs since Wednesday · RSI 42 · price 157.932

157.44–158.51 weekly range compressing between lower highs and rising lows.

USDJPY has ranged 157.44–158.51 since Monday's 157.82 open. The week high printed in Wednesday's Asian session after the pay data and hawkish FOMC minutes, and each rally since has stopped lower: 158.40 Wednesday, then 158.37 during NY hours today. Rising lows from Monday's week low are still intact, so the range is compressing rather than breaking. Today's NY rejection from the Thursday high pushed price back below EMA(20) near 158.14 with RSI(14) near 42, leaving it between the 50% and 61.8% of the Thursday leg fib, just above Wednesday's NY low at 157.90.

Support: 157.90, 157.58, 157.44

Resistance: 158.14, 158.37, 158.51

What it said to watch

  • Hourly close below the Wed low at 157.90 exposes the Thu low at 157.58 and the rising lows trendline
  • Close back above EMA(20) at 158.14 and then the Thu high at 158.37 would break the lower highs sequence and reopen the 158.51 week high
  • Fed's Musalem at 17:40 UTC and Friday's Michigan sentiment/inflation expectations (14:00 UTC) could materially shift this read
  • Loss of the 157.44 week low would end the rising lows structure and shift the read to a range break lower

16:02 UTC

Range, upper half, momentum rebuilding · RSI 61 · price 158.333

157.44–158.51 week range; Thursday dip held above rising lows.

Since Monday's 157.82 open, USDJPY has rotated inside a 157.44–158.51 range. Lows have stepped higher from Monday's Asia low, and the week high was set in Wednesday's Asia session after the Japan pay data. Thursday's Asia flush to the 157.58 thu low was rejected and fully recovered into the NY session. Price is now back above the ema20, RSI(14) is near 61, and it has pushed through the line of lower highs off Wednesday's peak. Hawkish FOMC minutes and firm US yields are underpinning the bid. Supply has capped the 158.40 wed ny high and the 158.51 week high so far.

Support: 158.19, 157.85, 157.58

Resistance: 158.40, 158.51, 159.00

What it said to watch

  • H1 close above the 158.51 week high breaks the range and opens the 159.00 range top, where intervention rhetoric is flagged
  • Rejection at the 158.40 wed ny high and a close back below the ema20 (~158.19) returns price to mid-range toward the 157.85 wed low
  • Failure to hold the 157.58 thu low breaks the rising lows line and exposes the 157.44 week low
  • Fed's Musalem at 17:40 UTC and Friday's Michigan sentiment/inflation expectations could materially shift this read via US yields

15:02 UTC

Range-bound, firming within upper half · RSI 59 · price 158.23

157.44–158.51 weekly range; lower highs from week high.

USDJPY has held a 157.44–158.51 range since Monday's open, with the week high set in Wednesday's Asia session and successive lower highs since. Thursday's Asia dip to the 157.58 day low was a false break of the 157.85 prior low that reversed within two bars, and price has since ground back above EMA(20) on hawkish FOMC-minutes and yield support. The London and NY recovery has stalled just under the 158.30 day high, with RSI(14) holding near 59.

Support: 157.85, 157.58, 157.44

Resistance: 158.30, 158.51

What it said to watch

  • H1 close above the 158.30 day high, then the 158.51 week high, breaks the lower-highs sequence and opens the 159 area
  • Failure to hold the 157.85 prior low puts the 157.58 day low and 157.44 week low back in play
  • Fed's Musalem at 17:40 UTC could shift yield pricing and the read
  • Fri 14:00 UTC UoM Sentiment and inflation expectations are the next US driver for this range

14:02 UTC

Sideways after midweek high, flat EMAs · RSI 50 · price 158.124

157.58–158.51 consolidation with lower highs since Wednesday.

Since Monday's 157.82 open and the 157.44 week low, the pair has rotated in a 157.6–158.5 band. Wednesday's Asia-session push set the 158.51 week high, and each rally since has stalled lower, with today's day high at 158.30 marking the latest cap. Today's Asia-session false break under the Wed low to 157.58 was fully reversed as hawkish FOMC minutes and firm US yields reasserted, and the 61.8% fib of the week's advance held on a closing basis. Price is now pinned just under a flat ema20 near 158.15, with RSI(14) at a neutral 50.

Support: 157.85, 157.58, 157.44

Resistance: 158.15, 158.30, 158.51

What it said to watch

  • H1 close above the 158.30 day high and the lower-highs trendline invalidates the consolidation read; the 158.51 week high, then 158.70, is next
  • Repeat failure at ema20 158.15 keeps the lower-highs sequence intact
  • Loss of the Wed low at 157.85 (61.8% fib) re-exposes the 157.58 Asia low and the 157.44 week low
  • Fed's Kashkari (14:40 UTC) and Musalem (17:40 UTC) pushing back on further hikes could weigh on yields and test the range floor

13:03 UTC

Range-bound, mild upward drift · RSI 56 · price 158.23

157.44–158.51 range, higher lows vs lower highs.

USDJPY has held a 157.44–158.51 range since opening the week near 157.82. The Mon–Wed rally topped at the 158.51 week high in Wednesday's Asia session, and later pushes were capped by lower highs at 158.40 and today's 158.30 day high. Today's Asia low at 157.58 held above the week low and was recovered through the ema20 (~158.16) as hawkish FOMC minutes and firm US yields kept USD supported. RSI(14) is near 56 and price is coiling between the higher-lows line and the lower-highs line.

Support: 158.16, 157.58, 157.44

Resistance: 158.30, 158.51

What it said to watch

  • H1 close above the 158.30 day high, then the 158.51 week high, breaks the lower-highs line and the range top
  • Loss of the ema20 near 158.16 and then the 157.58 asia low would expose the 157.44 week low and the higher-lows line
  • A deeper pullback below the 61.8% of the Mon–Wed rally (~157.85) would put the range floor back in focus
  • Jobless claims (12:30 UTC, actual not yet in feed) plus Kashkari at 14:40 UTC and Musalem at 17:40 UTC could break the coil via US yields

12:02 UTC

Range-bound, recovering toward upper half · RSI 59 · price 158.281

157.44–158.51 weekly range; lower high Thu vs Wed, intraday higher lows since 157.58.

USDJPY has held a 157.44–158.51 range since Monday's open, with Asia sessions driving both Wednesday's push to the week high after Japan pay data and today's dip to the thu low at 157.58 after the current account beat. Price has since climbed back above EMA(20) and EMA(50) through London to test the day high at 158.30, roughly the 78.6% retrace of the Wed-Thu drop. Hawkish FOMC minutes and firm US yields keep USD supported, while RSI(14) near 59 sits mid-range rather than stretched.

Support: 158.16, 157.85, 157.58

Resistance: 158.30, 158.51

What it said to watch

  • Initial Jobless Claims at 12:30 UTC (f/c 200K) and Kashkari at 14:40 UTC could materially shift this read
  • H1 close above the 158.30 day high and the 158.51 week high breaks the lower-highs line and the range top
  • Loss of the 158.16 ema20 shifts focus back to the 157.85 wed low
  • Break below the 157.58 thu low undercuts the rising weekly low line
  • Intervention rhetoric risk rises on any approach toward 159

11:02 UTC

Range-bound in upper half, highs edging lower · RSI 57 · price 158.238

157.44–158.51 weekly range; lower highs since Wednesday's peak.

Since the 157.82 weekly open, USDJPY has rotated inside a 157.44–158.51 range. Each push higher has stalled below the prior one: the week high at 158.51 early Wednesday, a lower high at 158.40 in Wednesday's NY session, and today's session high at 158.30. Thursday's Asia-session dip to the thu low at 157.58 briefly undercut the wed low at 157.85, which sits on the 61.8% retracement of the week range. That dip was reclaimed within two bars as yields stayed firm after the hawkish FOMC minutes, and price now holds just above the ema20 near 158.13 with RSI(14) at a neutral 57.

Support: 158.13, 157.85, 157.58

Resistance: 158.30, 158.40, 158.51

What it said to watch

  • H1 close above the 158.51 week high breaks the lower-high sequence and opens the 158.70 range cap
  • Sustained trade below the ema20 near 158.13 turns focus back to the wed low at 157.85
  • Failure to hold the wed low at 157.85 re-exposes the thu low at 157.58 and the 157.44 week low
  • US Initial Jobless Claims at 12:30 UTC and Kashkari at 14:40 UTC could materially shift this read
  • Rejection at the 158.30 session high would extend the lower-high trendline from Wednesday

10:02 UTC

Range-bound with upward tilt, momentum rebuilding · RSI 59 · price 158.298

157.44–158.51 weekly range; rising support from Monday's low intact.

USD/JPY has held a 157.44–158.51 range since Monday's open. Wednesday's Asia-session spike to the 158.51 week high on Japan's wage data reversed, but dips stayed shallow as hawkish FOMC minutes and elevated US yields kept the dollar firm. Thursday's Asia low at 157.58 held on rising support, just above the 61.8% retracement of the post-payrolls rally, and price has since reclaimed EMA(20) to retest Monday's high near 158.30 with RSI(14) near 59.

Support: 158.14, 157.82, 157.58

Resistance: 158.30, 158.51, 158.70

What it said to watch

  • H1 close above the 158.51 week high opens the 158.70 range cap, an intervention-sensitive zone
  • Close back below EMA(20) at 158.14 returns focus to the 157.82 week open
  • Break of the 157.58 Asia low breaches rising support and the 61.8% of the post-payrolls rally
  • US Initial Jobless Claims at 12:30 UTC and Kashkari/Musalem remarks could materially shift this read

08:02 UTC

Sideways after Friday's recovery, momentum neutral · RSI 55 · price 158.176

Range 157.58–158.51, lower highs vs rising lows.

Friday's payrolls dip to 156.95 was fully retraced, and since the weekly open at 157.82 price has rotated inside a 157.58–158.51 range. Lower highs from Wednesday's Asia-session week high at 158.51 now sit against rising lows from Monday. Thursday's Asia dip to the 157.58 thu low found demand near the 61.8% fib of the Friday–Wednesday rally, despite a strong Japan current account beat, and the bounce has stalled at a lower high around 158.29. Price is holding just above the 158.00 psych level, with RSI(14) near 55 and both EMA(20) and EMA(50) flat underneath.

Support: 158.00, 157.82, 157.58

Resistance: 158.29, 158.51

What it said to watch

  • H1 close above the 158.29 lower high, then the 158.51 week high, would break the range top and the lower-highs line
  • Failure to hold 158.00 psych reopens the weekly open at 157.82
  • A break of the 157.58 thu low and 61.8% fib breaches the rising support from Monday's 157.44 low
  • Fed's Waller at 08:30 UTC and jobless claims at 12:30 UTC (f/c 200K) could materially shift this read via US yields

07:02 UTC

Sideways, momentum neutral · RSI 56 · price 158.214

157.44–158.51 weekly range with lower highs from 158.51 against rising lows.

USDJPY has held a 157.44–158.51 range since Monday's open near 157.82. The week high printed in Wednesday's Asia session as US yields and hawkish FOMC minutes kept USD firm, but highs have stepped lower since, with a lower high at 158.40 in NY hours and today's session high at 158.28. The Asia low at 157.58 today was bought back above the 158.00 round number, which sits close to the 50% of the week range fib. Price is compressing between the lower-highs line and the rising lows, sitting marginally above EMA(20) and EMA(50) with RSI(14) near 56.

Support: 158.00, 157.85, 157.58

Resistance: 158.28, 158.40, 158.51

What it said to watch

  • H1 close above the 158.40 lower high breaks the lower-highs line and puts the 158.51 week high back in focus, where intervention rhetoric has capped follow-through
  • Failure to hold the 158.00 round number and the 157.85 wed low reopens the 157.58 asia low and tests the rising-lows line
  • Fed's Waller at 08:30 UTC and jobless claims at 12:30 UTC could materially shift this read, with long-end US yields still the main driver

06:02 UTC

Sideways, highs fading since Wednesday · RSI 55 · price 158.179

157.44–158.51 range, lower highs from week high.

Since Monday's open near 157.82, the pair has held a 157.44–158.51 range, with supply capping each push since Wednesday's Asia-session week high and a lower high at 158.40. Today's Asia dip through the wed low at 157.85 to an asia low of 157.58 was a false break. Demand reclaimed the range as the yen faded the overnight current-account beat, and price is back above EMA(20) and EMA(50) near 158.10 with RSI(14) at a neutral 55.

Support: 157.85, 157.58, 157.44

Resistance: 158.28, 158.40, 158.51

What it said to watch

  • H1 close above the 158.51 week high breaks the range and the lower-highs line
  • Rejection at today's session high of 158.28 or the 158.40 lower high keeps the fade from the week high intact
  • Failure to hold the wed low at 157.85 reopens the 157.58 asia low, then the 157.44 week low
  • Waller at 08:30 UTC, Jobless Claims at 12:30 UTC (f/c 200K) and Musalem at 17:40 UTC could materially shift this read via US yields

05:02 UTC

Sideways after Mon–Wed rally, highs flattening · RSI 54 · price 158.221

157.58–158.51 range, lower highs since Wednesday's peak.

From the 157.82 week open, USDJPY rallied off Monday's Asia-session low at 157.44 to a week high of 158.51 during Wednesday's Asia session after the Japanese wage data. It met rejection there and slipped back toward 158.00 through London on BoJ Sato comments and intervention caution, leaving a lower high at 158.40 in NY. Thursday's Asian dip to 157.58 reached deep into the Mon–Wed rally fib and was bought back to 158.22. Price is back above the ema20 with RSI(14) near 54, mid-range under a lower-high line.

Support: 158.08, 157.82, 157.58

Resistance: 158.40, 158.51

What it said to watch

  • H1 close above the 158.40 lower high breaks the lower-high line and reopens the 158.51 week high
  • Rejection again below 158.40 keeps the range compressing toward the ema20 at 158.08
  • Break below the 157.82 week open, then the 157.58 thu low, would undercut Thursday's recovery and the range floor
  • Fed's Waller (08:30 UTC), Initial Jobless Claims (12:30 UTC, f/c 200K) and Musalem (17:40 UTC) could materially shift this read

04:03 UTC

Range-bound, flat EMAs · RSI 51 · price 158.131

157.44–158.51 range with lower highs since Wednesday's peak.

USD/JPY has rotated inside a 157.44–158.51 range since Monday's open. The 158.51 week high, at the 200-DMA, printed in Wednesday's Asia session before hawkish BoJ comments and intervention caution pulled price back toward 158.00, and highs have stepped lower since to the 158.40 lower high and today's 158.22 Asia high. Today's Asia session dip to 157.58 below the Wed low reversed quickly, a false break that returned price just above EMA(20) and EMA(50), both flat near 158.10, with RSI(14) near 51 on a compressed two-way tape.

Support: 158.10, 157.85, 157.58

Resistance: 158.22, 158.40, 158.51

What it said to watch

  • H1 close above the 158.22 Asia high and the lower highs trendline reopens the 158.40 lower high
  • Close beyond the 158.51 week high (200-DMA) invalidates the range read
  • Acceptance below the ema20 near 158.10 and the 157.85 Wed low (61.8% of the week range fib) shifts focus back to the 157.58 Thu low
  • Fed's Waller 08:30 UTC and US jobless claims 12:30 UTC (f/c 200K) could materially shift this read

03:03 UTC

Sideways, upside stalling below 158.50 · RSI 52 · price 158.179

157.44–158.51 range since Monday; lower highs from Wednesday.

USDJPY has held a 157.44–158.51 range since Monday's open. The Monday–Wednesday leg was rejected at the 158.51 week high during Wednesday's Asia session, with lower highs near 158.40 into NY hours as BoJ-hike chatter and intervention caution capped the pair. Thursday's Asia flush to the 157.58 asia low was reclaimed within two bars, putting price back above the ema20 (158.08) and the weekly open at 157.82, with RSI(14) neutral near 52.

Support: 158.08, 157.82, 157.58

Resistance: 158.30, 158.40, 158.51

What it said to watch

  • H1 close above the 158.51 week high breaks the range top and the lower-highs line; failure again at the 158.30 monday high or the 158.40 lower high keeps the range intact
  • Loss of the 157.58 asia low exposes the 157.44 week low and range floor
  • Waller (08:30 UTC), Initial Jobless Claims (12:30 UTC, f/c 200K) and Musalem (17:40 UTC) could materially shift this read
  • H1 closes back below the ema20 and the weekly open would turn the Thursday reclaim into a failed recovery

02:03 UTC

Pullback from week high, short-term lower highs · RSI 34 · price 157.802

Mon-Wed higher lows broken in Thursday Asia; lower highs since 158.51.

USDJPY topped at the 158.51 week high in Wednesday's Asia session, a rejection just under the 158.50 200-DMA zone the digest flags as the pivot, and has since printed lower highs at 158.40 and 158.10 despite US yields holding near cycle highs. Thursday's Asia open drop to the 157.58 asia low broke the higher-lows line from Monday's 157.44 week low and took price below the 61.8% retrace of the Mon-Wed advance. Price now sits just under the 157.82 weekly open, below EMA(20) near 158.00 and EMA(50), with RSI(14) in the mid-30s and no clear data catalyst behind the move.

Support: 157.58, 157.44

Resistance: 157.82, 158.00, 158.51

What it said to watch

  • An H1 close back above 158.00 and EMA(20) would break the lower-highs sequence and neutralise the pullback read
  • Failure to hold the 157.58 asia low exposes Monday's 157.44 week low and a full retrace of the Mon-Wed advance
  • Holding below the 157.82 weekly open keeps price on the lower side of this week's range
  • Waller at 08:30 UTC and US jobless claims at 12:30 UTC could shift the read via US yields
  • A push back through the 158.51 week high and the 200-DMA zone would put intervention-risk headlines back in focus

01:02 UTC

Range, weakening from the top · RSI 36 · price 157.815

Lower highs from 158.51, higher-low sequence broken.

USD/JPY has rotated inside a 157.44–158.51 range since Monday's open. Wednesday's Asia-session spike to the week high on the wage beat ran into the 158.50 cap and was fully reversed, and a lower high at 158.40 followed in the NY session. Today's Asia-session drop to 157.58 broke the higher-low trendline, leaving price back at the weekly open near the 61.8% retrace of the Mon–Wed leg, below the ema20 with RSI(14) near 36 despite the broad USD bid on 5.35% 10y yields.

Support: 157.58, 157.44

Resistance: 158.03, 158.40, 158.51

What it said to watch

  • Failure to hold the 157.58 asia low exposes the 157.44 week low and the range floor
  • H1 close back above the ema20 at 158.03 would repair the lower-high trendline read
  • A break of the 158.40 lower high and 158.51 week high, the 200-day SMA cap, would end the rejection read
  • Waller at 08:30 UTC and jobless claims at 12:30 UTC could materially shift this read

00:03 UTC

Higher lows since Monday, momentum fading below flat EMA20 · RSI 41 · price 158.069

Converging range: rising lows vs lower highs off the 158.51 week high.

Since Monday's 157.44 week low the pair has printed a sequence of higher lows. Wednesday's Asia spike to the 158.51 week high was rejected into London, and the drop to the 157.85 wed low held near the 61.8% fib of the week advance. The NY rebound stalled at a 158.40 lower high despite the hawkish FOMC Minutes, leaving price coiling just under a flat ema20 near 158.11 with RSI(14) in the low 40s.

Support: 157.90, 157.85, 157.44

Resistance: 158.11, 158.40, 158.51

What it said to watch

  • H1 close below the 157.90 ny low breaks the higher-low trendline and the week's rising-low sequence
  • Failure to hold the 157.85 wed low (61.8% fib) exposes the 157.44 week low
  • H1 close back above the ema20 and the 158.40 lower high breaks the lower-high trendline and reopens the 158.51 week high
  • Fed's Waller (08:30 UTC), jobless claims (12:30 UTC, f/c 200K) and Musalem (17:40 UTC) could materially shift this read

All markets that day · Today’s USD/JPY Live Scan in the terminal