Published: 2026-04-07T01:02:55.000Z
Chart USD/JPY Update: Drifting narrowly below 160.00
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Drifting narrowly below the 160.00 level but pressure remains on the upside following bounce from 158.27 low last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 161.95 | ** | Jul 2024 multi-year high | S1 | 159.45 | * | Jan high | |
| R3 | 161.00 | * | congestion | S2 | 159.00 | * | congestion | |
| R2 | 160.46 | ** | 30 Mar YTD high | S3 | 158.27/00 | ** | 1 Apr low, congestion | |
| R1 | 160.00 | * | congestion | S4 | 157.50 | ** | 19 Mar low |
Asterisk denotes strength of level
01:00 GMT - Drifting narrowly below the 160.00 level but pressure remains on the upside following bounce from 158.27 low last week. Bullish structure from the 152.10 January current year low suggest scope for retest of the 160.00 figure and 160.46 high. Would expect reaction at these highs but a later clearance cannot be ruled out. Clearance will open up scope to 161.00 level then 161.95, 2024 year high. Meanwhile, support is at the 159.45/159.00 area which extend to the 158.27 low. Would take break of these ease the upside pressure and see room for deeper pullback to the 157.50 support.