USD/JPY Stalls at 156.13/50 as Bearish RSI Divergence Emerges
USD/JPY has pushed into the 156.13/50 resistance band, a zone that has capped rallies as the dollar's yield advantage widens following the latest hawkish Fed hike. Price action shows momentum fading into this level, with candles printing smaller bodies and upper wicks — a classic sign of exhaustion at resistance.
The RSI is showing bearish divergence against the recent price highs, meaning momentum is not confirming the move higher. This divergence often precedes short-term pullbacks, especially when paired with a well-defined resistance shelf like 156.13/50.
155.45 is the level to watch on the downside. A clean break below it would confirm the reversal signal and open the door toward deeper retracement, while a daily close above 156.50 would invalidate the bearish divergence setup and favor continuation.
