USD/JPY AI Live Scan, daily chart, Thursday, 16 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.
21:03 UTC
Uptrend, momentum slowing near cycle high · RSI 61 · price 162.077
Higher highs/higher lows, coiling below 162.84.
Multi-month uptrend intact: USDJPY has climbed off the late-March low near 155.00 to press 40-year highs, holding above a rising EMA(50) throughout. The grind reflects the entrenched US-Japan carry with JPY pinned near cycle lows, but the last two weeks have flattened out below the 162.84 cycle high, with daily closes clustered around 162.00. The pair is consolidating in the upper end of the 160.60–163.00 range flagged by the JPY digest.
Support: 160.60
Resistance: 162.84, 163.00
What it said to watch
A daily close above 162.84 cycle high opens 163.00 psych and raises MoF/BoJ intervention risk
Failure to hold 160.60 range floor would break the recent higher-low sequence
Michigan sentiment + UoM inflation expectations Fri 14:00 UTC could shift USD leg of the read
21:03 UTC
Uptrend, grinding into highs · RSI 61 · price 162.077
Higher highs/higher lows, consolidating near cycle top.
USDJPY has been in a steady multi-month uptrend off the early-April low near 155.00, with price holding above a rising EMA(50) throughout. The pair is now pinned at 40-year highs, consolidating in the 161.10–162.70 band over the last two weeks as carry-driven demand meets verbal intervention capping the topside. The 162.84 cycle high remains the ceiling; disinflation-driven USD softness this week has yet to break the uptrend structure.
Support: 161.10
Resistance: 162.70, 162.84
What it said to watch
Daily close above 162.84 cycle high raises intervention tail-risk
Failure to hold 161.10 swing low would mark the first lower low since April
US Michigan sentiment/inflation expectations Fri 14:00 UTC could shift the USD read