21:02 UTC
Uptrend, grinding into resistance · RSI 67 · price 161.767
Higher highs/lows, capped near 162.
Multi-month uptrend intact, price holding above a rising EMA(50) on D1 since the April flush down to 155 reversed. The pair has spent the last two weeks pinned in a tight 161.10–161.95 band just beneath the 162.00 zone — the perceived MoF/BoJ intervention line and the 2024 high. Firm Tokyo CPI and the BoJ hike have given yen bulls a story but no traction; price keeps probing the cap.
Support: 161.10
Resistance: 162.00, 161.95
What it said to watch
- Daily close above 162.00 opens fresh multi-decade highs, but flags elevated intervention risk in the 162-163 zone
- Loss of the 161.10 support cluster would mark the first lower low since June
- BoJ Tankan Wed and US NFP later this week are the dominant drivers for the next leg