EURJPY Asia briefing — 2026-07-31

BIAS BEARISH. H1 EMA bearish + RSI 30.93 near oversold support structure neutral but lower timeframe bias dominates. KEY LEVELS R: 184.5, 187.48 | S: 184.0, 182.13 NEWS 🔴 Industrial Production MoM (JPY) Thu 23:50 UTC 🔴 Industrial Production YoY (JPY) Thu 23:50 UTC 🟡 Large Retailer Sales (JPY) Thu 23:50 UTC SESSION OUTLOOK Japan data drops pre-Asia open—watch reaction at 184 support. Weak prints may extend downside; breaks above 184.5 risk reversal to 187.48.

Key Levels

R: 184.500 · 187.480

S: 184.000 · 182.128