Chart USD/JPY Update: Fresh year highs in both USD- and JPY-driven trade
Cautious trade has given way to a break to fresh 2026 year highs around 160.95 in both USD- and JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 163.00 | * | historic congestion | S1 | 160.00 | ** | congestion | |
| R3 | 161.95 | ** | July 2024 multi-year high | S2 | 159.50~ | * | 11 Jun (w) low | |
| R2 | 161.00 | ** | Jun-Jul 2024 congestion | S3 | 159.00 | * | congestion | |
| R1 | 160.95 | fresh 2026 year high | S4 | 158.60~ | * | 20 May (w) low |
Asterisk denotes strength of level
13:35 BST - Cautious trade has given way to a break to fresh 2026 year highs around 160.95 in both USD- and JPY-driven trade. Prices are currently balanced beneath here, but improving daily readings and rising weekly charts highlight room for further strength in the coming sessions. A break above 161.00 will open up critical multi-year resistance at the 161.95 high of July 2024, where by-then overbought daily and weekly stochastics could prompt fresh consolidation. A close above here would further improve sentiment and extend multi-year gains. Meanwhile, support remains at congestion around 160.00. A close beneath here, if seen, will turn sentiment neutral and prompt consolidation above further congestion around 159.00.