21:01 UTC
Recovery uptrend, rolling over near range top · RSI 54 · price 159.23
Broad range 152.20-160.70, currently mid-upper band after late-April spike rejection.
USDJPY recovered from the late-January flush to 152.09 and has spent the last two months grinding back into the 158-160 zone, with EMA(20) and EMA(50) both below price and flattening. The late-April spike to 160.72 was rejected hard the same session, leaving a clear range top at 160.47-160.72 and reinforcing 156.62 as the swing pivot below. Last two weeks compressed between 158.50 and 159.40 with RSI flat near 54 — momentum has stalled inside the upper band of the multi-month range.
Support: 158.27, 156.62
Resistance: 160.47, 160.72
What it said to watch
- daily close above 160.47 reopens the spike high at 160.72
- loss of 158.27 swing low shifts the read toward 156.62 retest
- BoJ-related JPY headlines from Tokyo central banker speeches could materially shift this read