USDJPY Holds Steady Within Range, Shows Mild Upward Bias

USDJPY nudged upward on Friday, yet it continues to trade inside the 158.50–156.50 band, marking the seventh straight session within that range.

The upper limit of the range is supported by the 200‑day moving average and the 50 % retracement of the decline from 163.94 to 152.88, while the base of the descending daily cloud adds downward pressure to short‑term movement.

Meanwhile, the pair is poised for a fourth consecutive weekly advance, although conflicting daily indicators fail to provide a clear directional cue.

The upper boundary of the range is under pressure; a decisive break above 158.50 would trigger a bullish signal, but confirmation would need a move beyond 159.03 (the September 24 lower swing high) to open upside targets near 159.50 (the 100‑day average) and the psychological 160.00 level, an area where the risk of further Japanese official intervention rises.

Initial support sits at 157.30 (the week’s low and the 20‑day moving average); a breach below this level would expose the next support at 156.50.

Res: 158.50; 159.03; 159.50; 159.72
Sup: 157.50; 157.30; 156.95; 156.50

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