USD/JPY Tests 156.13/50 as Fed Hawkishness Widens Yield Gap
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USD/JPY has pushed into the 156.13/50 resistance band following the Federal Reserve's decision to lift rates to a 3.75%-4.0% range. The move underscores the dollar's persistent yield edge against the yen, a dynamic that continues to drive the pair's uptrend.
Bearish RSI divergence on the daily chart, however, signals waning upside momentum despite spot pressing against resistance. A break above 156.50 would open the door toward fresh multi-month highs, while failure to clear this zone keeps a reversal scenario on the table.
The 155.45 level stands out as the critical downside trigger. A decisive close below this mark would confirm the divergence signal and shift near-term bias back toward sellers.