Sharp rejection earlier in the week from the 157.90 area dragged price down to 155.61 in a single hour, since then the pair has been carving a tight 156.20–156.95 range through the Asia and London sessions. Price is grinding back above the H1 EMA(20) with RSI(14) cycling 45–58, but each push toward 156.95 has been capped. Risk-off tone from the Iran headlines is keeping JPY bid into Asia open.
Support: 156.43, 156.02, 155.61
Resistance: 156.95, 157.51, 157.92
What it said to watch
Hourly close above 156.95 session high opens 157.51 prior high
Loss of 156.43 week low re-exposes 156.02 swing low
Iran-US headline risk could trigger a gap on next session open
22:01 UTC
Downtrend after sharp flush, now consolidating · RSI 48 · price 156.774
Lower high formed near 156.95, basing above 156.43.
Week opened firm near 157.20 and pushed to 157.92, but a violent flush during the NY session drove price to 155.02 in a single hour, resetting the structural read. Since then USDJPY has based between 156.02 and 156.95, with a lower high stamped at 156.95 and price now hovering around the EMA(20) as RSI(14) cycles either side of 50. Risk-off tone from the Iran-Hormuz headlines is keeping yen bid into the new session open.
Support: 156.43, 156.02
Resistance: 156.95, 157.92
What it said to watch
H1 close above 156.95 lower high invalidates the lower-high read
Break of 156.43 wk low area opens 156.02 flush low retest
Further escalation in Iran-Hormuz headlines could sustain yen bid
USDJPY dropped sharply on Wednesday from 157.83 to a 155.02 spike low, with safe-haven JPY bid on Middle East headlines, then based in a 156.43-156.87 range through Thursday and Friday. Price is sitting below both EMA(20) and EMA(50), with RSI(14) cycling around 45-50 — momentum flat after the impulse. Friday's NY session attempted 156.87 twice and was rejected, leaving the week low at 156.43 as the pivot.