Published: 2026-05-13T13:11:53.000Z
Chart USD/JPY Update: Drifting higher in both USD- and JPY-driven trade
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Cautious trade is giving way to a drift higher in both USD- and JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 160.72 | ** | 30 Apr YTD high | S1 | 157.00 | break level | ||
| R3 | 160.00 | ** | congestion | S2 | 156.00 | ** | congestion | |
| R2 | 159.00 | * | congestion | S3 | 155.40 | ** | 61.8% ret of Feb-Mar rally | |
| R1 | 158.00 | ** | congestion | S4 | 155.00 | ** | congestion |
Asterisk denotes strength of level
13:55 BST - Cautious trade is giving way to a drift higher in both USD- and JPY-driven trade, with prices approaching congestion resistance at 158.00. Daily readings continue to improve, highlighting room for a break above here. But negative weekly charts should limit scope in renewed selling interest beneath further congestion around 159.00. Meanwhile, support remains at 157.00. A close beneath here, not yet seen, will help to stabilise sentiment and prompt consolidation above congestion support at 156.00.