AUDJPY Asia briefing — 2026-08-20

BIAS NEUTRAL — H4/H1 EMAs divergent, RSI mid-range (44.86), D1 structure lacks directional conviction. Conflicting timeframes prevent reliable edge. KEY LEVELS R: 113, 113.63 | S: 112.5, 109.24 NEWS 🟡 Merchandise Trade Balance (JPY) Wed 23:50 UTC 🟡 Exports YoY (JPY) Wed 23:50 UTC 🟡 Foreign Bond Investment (JPY) Wed 23:50 UTC SESSION OUTLOOK Japan data drops pre-London open; watch JPY reaction for directional bias. Range-bound likely until news catalyzes breakout attempt toward 113 or 112.5.

Key Levels

R: 113.000 · 113.626

S: 112.500 · 109.244