Rebound from 155.00 spike low, building higher lows.
Pair was hammered down to 155.03 in a single H1 candle mid-week before stabilising and grinding back through 156.50 across the NY and Asia sessions since. This week's reopen has extended that recovery, pushing through 157.00 with price now sitting on both EMA(20) and EMA(50) and RSI(14) cycling in the 55-65 zone. The 157.79 pre-drop shelf remains the dominant overhead reference; 156.95 is the immediate session pivot.
Support: 156.95, 156.43
Resistance: 157.17, 157.79
What it said to watch
H1 close below 156.95 breaks the session-low pivot and reopens 156.43
Acceptance above 157.17 week high exposes the 157.79 pre-drop shelf
Trump-Xi summit 13-15 May and US CPI later this week are headline risks that could materially shift this read
Pair opened the week near 157.88 and took a sharp leg lower mid-window to 155.03 before a steady rounded recovery back to 157.13 by today's London session. Price now sits above EMA20 and EMA50 with RSI(14) pushed to 67 as Middle East safe-haven flows lift USDJPY into the prior-week breakdown zone. The 157.17 session high is the immediate ceiling; 156.00 has held as the week low on every retest.
Support: 156.50, 156.00
Resistance: 157.17, 157.88
What it said to watch
H1 close above 157.17 opens path to retest of the 157.88 week high
Failure at 157.15 and reclaim of 156.50 range mid would signal the rounded recovery is stalling
Japan MoF intervention rhetoric escalating — any verbal action could materially shift this read
Higher lows since 155.61, climbing back toward pre-drop range.
USDJPY has climbed steadily off Wednesday's 155.61 spike low, with price grinding back toward the pre-drop range and now testing the 157.17 session high during the European session. Price sits above both EMA20 and EMA50 with RSI in the low 60s, consistent with the rounded recovery, though gains are being framed by intervention rhetoric out of Tokyo. The 157.79 pre-drop shelf is the structural cap on this leg.
Support: 156.72, 155.61
Resistance: 157.17, 157.79
What it said to watch
H1 close above 157.17 session high opens path back to 157.79 pre-drop shelf
Loss of 156.72 session low would break the higher-low sequence off the spike low
Verbal or actual MoF intervention remains the dominant tail risk into NY
USDJPY has recovered steadily after the midweek flush down to 155.61, carving a sequence of higher lows and reclaiming 157.00 into the early European session. Price now sits above both EMA20 and EMA50 on H1 with RSI cycling into the low 60s, and resistance at 157.17 is the immediate session high to monitor. Above that, the pre-flush shelf around 157.88–157.92 caps the week.
Support: 156.72, 155.61
Resistance: 157.17, 157.88, 157.92
What it said to watch
hourly close above 157.17 opens path back to the 157.88 week high
loss of the 156.72 monday low breaks the higher-low sequence
US-Iran headlines remain a known risk premium driver for USD
05:01 UTC
Recovery from midweek flush, capped under 157.20 · RSI 71 · price 157.129
Range bounded 155.60-157.20 after sharp drop, base building.
Pair has staged a steady rounded recovery from last week's 155.03 flush, with price now reclaiming both EMA(20) and EMA(50) as the Asia session pushes into 157.17. RSI(14) at 71 is stretched after the run from Friday's NY close base near 156.70, and the 157.88 pre-flush shelf still caps the broader week. Safe-haven USD bid on Iran headlines is providing the lift, though Japanese intervention chatter remains a sticky overhang.
Support: 156.43, 155.03
Resistance: 157.17, 157.88, 157.93
What it said to watch
Hourly close above 157.88 pre-flush level would reopen the week high at 157.93
Rejection back under 156.70 would put the range mid 156.43 back in play
Intervention rhetoric from Tokyo could materially shift this read
Pair was hit by a sharp downside flush mid-week from 157.80 to 155.03 before basing in a 156.00–156.90 range across two sessions. Asia session today reclaimed 157.00 with successive higher lows and pushed to a session high at 157.17, with RSI(14) stretched into overbought as price sits above both EMA(20) and EMA(50). Trump's rejection of the Iran proposal kept USD bid into the open.
Support: 156.43, 156.02, 155.61
Resistance: 157.17, 157.79
What it said to watch
Hourly close back below 157.00 would reopen the 156.43 session low
Sustained move through 157.17 session high targets the 157.79 pre-drop high
Failure to hold 156.02 swing low reactivates the flush-low zone at 155.61
Yen intervention headlines remain a tail risk given proximity to recent flush
Higher lows since 155.02 spike low, capped near 157.15.
Pair has clawed back from the midweek 155.02 flush, with a steady sequence of higher lows since Thursday's NY session and a clean break above 156.95 into today's Asia open. Price now pressing the 157.15 session high with RSI(14) stretched into overbought, while EMA20 and EMA50 both sit below price. Geopolitical risk-off flows from the Iran-US standoff are supporting USD even as intervention chatter caps upside extension.
Support: 156.72
Resistance: 157.15, 157.80, 157.92
What it said to watch
Sustained acceptance above 157.15 session high opens path to the 157.80 pre-flush level
Loss of 156.72 weekend low would break the higher-low sequence
MoF intervention risk grows the closer price gets to the 157.92 week high
Iran headlines remain the dominant intraday catalyst
02:01 UTC
Downtrend recovery, range bound · RSI 64 · price 157.093
Consolidation above week's low after sharp flush.
USDJPY took a sharp flush mid-window from 157.80 down to 155.03 before stabilising, and has spent the last two sessions grinding back inside a 156.20–156.95 range. Current Asia session has pushed through 157.00 on a clean recovery leg, with price now back above both EMA20 and EMA50 and RSI lifting into the low-60s. Risk-off tone from rejected Iran peace proposals over the weekend kept yen bid into the open, but flows have since unwound.
Support: 156.43, 156.02
Resistance: 157.10, 157.79
What it said to watch
Hourly close back below 156.43 reopens the wk low area at 156.02
Acceptance above 157.10 session high exposes the 157.79 pre-flush shelf
China CPI beat and Trump-Xi headlines this week can shift risk tone quickly
Lower highs since Wednesday flush, sideways base 156.20-156.90.
USDJPY took a sharp leg lower mid-week from 157.80 down to 155.03 in a single H1 bar, then stabilised in a 156.00-156.90 range through Thursday and Friday. The Sunday reopen gapped lower on Iran/Hormuz risk-off headlines before recovering back into the prior range, with price now pressing the 156.99 NY high. RSI sits mid-range and EMA20 has flattened as the base extends.
Support: 156.43, 156.02
Resistance: 156.99, 157.21
What it said to watch
Hourly close above 156.99 opens path back toward 157.21 weekly open
Loss of 156.43 session low re-exposes 156.02 week low
Further Iran/Hormuz headlines could drive another risk-off gap
Tuesday US CPI is the next material macro catalyst
00:01 UTC
Downtrend off mid-week spike, base building · RSI 53 · price 156.896
Lower high mid-week, range floor 156.00-156.20.
Sharp rejection from 157.83 during Tuesday's NY session drove a ~220 pip flush to 155.61 before buyers stabilised the tape into the 156.00-156.20 floor. Price has since consolidated under prior high 156.95 with RSI(14) cycling 45-58 on each push, and the weekly reopen prints 156.89 leaning on that resistance. Iran-Hormuz headlines into the Asia reopen are driving the risk-off gap dynamic and explain the firm yen tone.
Support: 156.43, 156.02, 155.61
Resistance: 156.95, 157.21, 157.83
What it said to watch
Hourly close above 156.95 prior high opens path back to 157.21 weekly open
Loss of 156.43 session low exposes 156.02 week low and the 155.61 spike low
China CPI print today and US CPI Tuesday could materially shift this read
Further Iran-Hormuz escalation headlines risk-off yen demand